SEC looks into Hampton Creek’s mayo buy back scheme
August 20, 2016 at 01:37 AM EDT
The Securities and Exchange Commission has opened a preliminary inquiry into Hampton Creek after it was accused of running a secret project to buy up its own mayonnaise product from stores in order to spike sales numbers. Bloomberg, which first reported the news of the buybacks, now says the agency is looking at whether the startup inappropriately counted revenue from these purchases made… Read More