JENNY QIAN ZHIYA

Jenny Qian Zhiya was CEO of Luckin Coffee, which IPO'd on NASDAQ in May 2019 raising $860M. In January 2020, an anonymous short-seller report alleged widespread transaction fabrication. In April 2020, Luckin's internal probe confirmed that COO Jian Liu had fabricated approximately $310M in sales from Q2–Q4 2019. The company was delisted from NASDAQ in June 2020 and paid a $180M SEC penalty.