
Federal agents from the Department of Justice (DOJ) and the FBI have raided the Washington-area offices of Carahsoft Technology Corp., a prominent distributor of information technology products. The raid is part of an investigation into a company that Carahsoft has previously done business with, according to a Carahsoft spokeswoman. Reports suggest that the investigation may be linked to ongoing probes into $NVDA and $SMCI fraud allegations. Additionally, the DOJ is investigating German tech giant SAP for potential price-fixing since 2014. SAP, which saw a pre-market dip of 2.2%, has stated that they are cooperating with the DOJ and are not aware of any criminal investigations into the company at present. Despite the investigation, SAP's stock dipped only 3% as the market may have priced in the ongoing probe.
FBI raids defense contractor Carahsoft | Company president says the agents were there "as part of an investigation into a company with which Carahsoft has done business in the past. https://t.co/nx460uyWsr "
German tech giant $SAP, with a P/E of 33 and a robust free cash flow, faces a DOJ probe into potential price-fixing since 2014. Despite strong financials, the stock dips only 3% as the market might have priced in this ongoing investigation. Rebel's Edge 🏴☠️ 1pm EST @MXLESQ… https://t.co/jequJkw331
$SAP (-2.2% pre) Asam: I’m not aware of any criminal investigations into SAP at present, We’re cooperating with the DOJ. - CNBC https://t.co/8MIE35Z3Kn