SEC Investigating If Company's Purchase Of Own Vegan Mayo From Stores Was Illegal Or Just Gross

This one's tough call.
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By jules (rolls royce mayonnaise) [CC BY 2.0], via Wikimedia Commons

via Wikimedia Commons

Who the hell else did you expect to buy it??

The U.S. Securities and Exchange Commission is looking into whether a San Francisco-based food technology startup broke the law by not disclosing that it was buying its own vegan mayonnaise from stores, which made the product appear to be more successful than it was, according to people familiar with the matter. The agency is trying to determine whether Josh Tetrick’s Hampton Creek Inc. improperly recognized revenue from purchases made with company money, said the people, who asked not to be named because the matter isn’t public.

Hampton Creek’s Mayo Buybacks Prompt Inquiry by the SEC [Bloomberg]

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