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China’s Luckin Coffee Files For Chapter 15 Bankruptcy In New York

Chinese coffee chain Luckin Coffee has filed for Chapter 15 bankruptcy in the US which would protect it against lawsuits by creditors as it works on restructuring itself. Luckin Coffee was caught in an accounting fraud last year which led to the company being delisted from the Nasdaq.

Man charged with billing for fraudulent test claims

Items from a COVID-19 test kit are displayed for a photograph.Michael Nagle | Bloomberg | Getty ImagesFederal prosecutors have criminally charged a Georgia man for allegedly conspiring to defraud federal and private health-care benefit programs "by submitting fraudulent testing claims" for coronavirus and genetic...