The CEO of Starbucks, Howard Schultz, has been arrested and charged with multiple counts of fraud. He was arrested at his home in New York and is in custody awaiting a bail hearing.
Schultz is an American businessman and author, currently sitting as the chief executive officer (CEO) of Starbucks. A spokesperson for the company said that Schultz plans on resigning through his lawyers as soon as possible.
Starbucks is currently in hot water for banning cash payments at its stores in the UK, with plans to ban cash internationally. As a result, the term ‘boycott Starbucks’ continues to trend on social media.
It is unclear what the charges relate to, but a source close to the CEO indicated it may be linked to allegations of Schultz stealing money from his employees.
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