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Krispy Kreme Criminal Investigation Announced
Stock Option Trading Krispy Kreme, already under investigation by the SEC, said the US Attorney for the Southern District of New York has begun a criminal investigation.
Krispy Kreme Doughnuts, Inc. is a branded specialty retailer of doughnuts. The Company has established Krispy Kreme as a consumer brand. Krispy Kreme's principal business is owning and franchising Krispy Kreme doughnut stores where it makes and sells over 20 varieties of doughnuts, including its Hot Original Glazed. Each of its stores is a doughnut factory with the capacity to produce from 4, 000 dozen to over 10, 000 dozen doughnuts daily. The Company' its Company and franchise stores (collectively, Store Operations) and Krispy Kreme Manufacturing and Distribution (KKM&D). Its principal source of revenue is the sale of doughnuts produced and distributed by Store Operations.
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Online Stock Trading Company Feb 26, 2005 (AXcess News) New York - Krispy Kreme Doughnuts, Inc. (NYSE: KKD), already under investigation by the SEC, said the US Attorney for the Southern District of New York has begun a criminal investigation.Federal prosecutors are probing into the Winston-Salem-based doughnut chain for its franchise buyback programs and accounting practices, the company believes. Though investigators are also looking at executives and former executives involved with the company. Krispy Kreme said it was cooperating with federal investigators.
One of the great things about Independence Blvd was Krispy Kreme donuts, they were the only place open all nite and they had the best coffee. Plus very interesting people always stopped there and you could count on a couple cops to be there for protection. We always looked for the hot donuts now sign, it was hard not to stop thru the years and finally when they made Independence an Expressway down came the Krispy Kreme store, cira 1995 I guess.
Forex Day Trading The SEC is formally investigating Krispy Kreme for cooking the books - rather than doughnuts. The SEC probe is looking into payments to franchisers rather than buybacks and federal prosecutors most likely launched a criminal probe because there was fraudulent intent on the part of executives to prop up those earnings figures [payments vs buybacks].
Digby! Man, you're donuts are killing me. Matching donuts Maybe if I was 5 this would be a great game. And perhaps that's who its intended for. In which case, its fine. Meanwhile, I'm headed to Krispy Kreme for a glazed one.
Financial In Market Krispy Kremes shares fell Friday, hitting a new 52-week low of $5.36. A drop of 39 cents, or 6.8 percent.
Stock Trading System While the dough rises in Krispy Kreme's doughnut shops, executives involved in the criminal probe are looking at coming up with dough of their own, only theirs is green - as in dollars - in facing stiff penalties from the SEC, fines and potential prison time, assuming the New York US Attorney's office proceeds with criminal charges against them.The company is also facing more than a "bakers' dozen" of lawsuits from shareholders. The latest round of criminal probes will only serve to heat up those civil actions.AdvertisementAXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking business news. If you're not a member, consider joining now.
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