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US SEC Suing VW and It's Ex CEO for Diesel Emissions Cheating

shadowkin in Markets & Trading

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shadowkin    + 584

EA

(edited)

The US SEC is suing VW’s ex CEO Martin Winterkorn and VW for ‘massive fraud’ on US investors related to the diesel emissions cheating scandal. This is separate from the multibillion dollar fine VW payed for the cheating.

The thrust of the argument is that VW issued $13 billion in bonds and asset backed securities when VW knew this cheating was occurring.

Edited by shadowkin

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GeoSciGuy    + 74

GeoSciGuy

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  • Haha 2

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