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Coke Probes Completed by SEC, DoJ

Coca-Cola was 'basically robbing from their future earnings,' an SEC lawyer reported asserted; 'there would have been no fraud had they made a disclosure of that practice.'

> > Separately, the Atlanta-based soft-drink giant announced that the Department of Justice closed a probe into accounting issues raised by a whistle-blower without taking any action. According to several wire-service reports, it is unclear why Justice terminated its investigation.
Source: CFO


Published:2005-04-19
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