Troubled electric delivery van manufacturer Workhorse Group is the subject of a Securities and Exchange Commission probe, the latest electric truck company drawing scrutiny over short seller allegations of shady business practices.
The investigation surfaced Wednesday as part of a report by Fuzzy Panda, which alleged Workhorse fabricated orders and improperly recognized revenue for trucks it had not delivered. Its report contained numerous other claims of shady business dealings by the Loveland,...
https://www.freightwaves.com/news/workhorse-group-latest-electric-truck-maker-under-sec-scrutiny