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Federal Prosecutors Investigate Fraud Allegation Against Coca-Cola

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undergroundrailroad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-11-03 09:32 AM
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Federal Prosecutors Investigate Fraud Allegation Against Coca-Cola
Coke Says Feds Probing Whistleblower Suit


By HARRY R. WEBER
The Associated Press
Friday, July 11, 2003; 10:13 AM


ATLANTA - The Coca-Cola Co. said Friday federal prosecutors have launched an investigation of fraud allegations raised by a whistleblower in a lawsuit against the world's biggest soft drink company.

Coke's brief statement did not provide any details, but said the company would cooperate with the inquiry by the U.S. attorney for the Northern District of Georgia.

The Securities and Exchange Commission had previously initiated an informal probe of Coke.

Coke spokesman Ben Deutsch said the company would have no further comment. A spokesman for the U.S. Attorney's Office in Atlanta also refused to comment.

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