• Cash cow? After paying billions in fines Volkswagen accused by US stock regulator of ‘massive fraud'

    2 monthes ago - By RT

    The US Securities and Exchange Commission has filed a complaint against Volkswagen , accusing the German automating giant and its former CEO Martin Winterkorn of defrauding US investors by cheating on emissions tests.
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  • SEC Sues Volkswagen for Concealing Its Diesel Emissions Cheating from Investors

    SEC Sues Volkswagen for Concealing Its Diesel Emissions Cheating from Investors

    2 monthes ago - By Fortune

    Volkswagen AG was sued by the U.S. Securities and Exchange Commission over claims it failed to disclose to investors that its diesel vehicles violated emission standards, the latest twist in a software cheating scandal that has already cost the company more than $30 billion.
    The German automaker sold billions of dollars of corporate bonds and asset-backed securities in the U.S. from 2010 to 2015 while concealing its emissions-cheating scheme, according to the complaint filed by the regulator late Thursday in San Francisco federal court. The case could give fresh impetus to similar efforts...
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