Chefs' Warehouse Inc
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Consumer Staples : Food & Staples Retailing | Small Cap Blend
Company profile

The Chefs' Warehouse, Inc. is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, Country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada. Its product portfolio consists of imported and domestic specialty food products, such as artisan charcuterie, specialty cheeses, oils and vinegars, truffles, caviar, chocolate and pastry products. The Company also offers a line of center-of-the-plate products, including custom cut beef, seafood and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk and flour.

Price
Delayed
$13.07
Day's Change
-2.50 (-16.08%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.13
Day's Low
13.06
Volume
(Heavy Day)

Today's volume of 738,064 shares is on pace to be much greater than CHEF's 10-day average volume of 541,404 shares.

738,064

Amazon Supports Department of Justice's Prosecution of Six Defendants Charged with Fraud, Among Others

2:35 pm ET September 18, 2020 (BusinessWire) Print

Amazon.com, Inc. (Nasdaq:AMZN):

What:

The United States Attorney's Office for the Western District of Washington today brought charges against six individuals for conspiracy to use a communication facility to commit commercial bribery, conspiracy to access a protected computer without authorization, conspiracy to commit wire fraud, and wire fraud. Amazon supported this lengthy investigation and the defendants were indicted this morning.

You can see the Indictment and related press release here: https://www.justice.gov/usao-wdwa/pr/six-indicted-connection-multi-million-dollar-scheme-bribe-amazon-employees-and

Statement from Amazon:

Amazon is grateful to have worked with the United States Attorney's Office for the Western District of Washington, the Federal Bureau of Investigation, the Internal Revenue Service-Criminal Investigations, and the Department of Justice Office of International Affairs in their thorough pursuit of this case. We work hard to build a great experience for our customers and sellers, and bad actors like those in this case detract from the flourishing community of honest entrepreneurs that make up the vast majority of our sellers.

Amazon has systems in place to detect suspicious behavior by sellers or employees, and teams in place to investigate and stop prohibited activity. We are especially disappointed by the actions of this limited group of now former employees, and appreciate the collaboration and support from law enforcement to bring them and the bad actors they were entwined with to justice.

There is no place for fraud at Amazon and we will continue to pursue all measures to protect our store and hold bad actors accountable.

Amazon has an extensive history of protecting its customers from fraud and abuse:

https://press.aboutamazon.com/news-releases/news-release-details/amazon-supports-investigation-and-prosecution-four-new-york https://press.aboutamazon.com/news-releases/news-release-details/amazon-establishes-counterfeit-crimes-unit-bring-counterfeiters https://press.aboutamazon.com/news-releases/news-release-details/amazon-stops-multiple-fraudulent-affiliate-marketing-schemes https://www.cnet.com/news/ftc-gets-11m-settlement-from-get-rich-quick-scammers-targeting-amazon/ https://techcrunch.com/2018/08/06/amazon-is-working-with-the-ftcs-fraud-investigation-against-sellers-playbook/

View source version on businesswire.com: https://www.businesswire.com/news/home/20200918005533/en/

SOURCE: Amazon.com, Inc.

Amazon.com, Inc.
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