Krispy Kreme Says U.S. Attorney Joins Probe

Federal investigators turned up the heat on Krispy Kreme Doughnuts (KKD Quote) Thursday amid scrutiny of the company's accounting practices and a cash crunch.

The company said the U.S. Attorney's Office for the Southern District of New York will interview some of its current and former officers and employees. Krispy Kreme said the interviews will likely be related to the matters currently under formal investigation by the Securities and Exchange Commission, and it intends to cooperate with the probe.

Questions about Krispy Kreme's corporate governance have revolved around the legality of its franchise accounting practices. ...