VW and its former CEO charged with defrauding investors in diesel scandal
The SEC’s charges against Winterkorn and Volkswagen are just the latest in legal fallout that has come from the scandal.
Winterkorn was previously charged with conspiracy and wire fraud in a US court,
and a former engineer for the company pleaded guilty to conspiracy charges for his role in developing the defeat device used during emissions tests.
Volkswagen’s former head of compliance Oliver Schmidt also pleaded guilty to conspiracy charges.
While the company can sell some diesel cars in the US again, the ongoing legal cases make it hard to entirely leave Dieselgate in the past.
https://www.engadget.com/2019/03/15/volkswagen-ceo-charged-with-defrauding-investors-sec/
Volkswagen and former boss face US lawsuit over Dieselgate – BBC News
https://www.bbc.com/news/business-47578888
SEC Takes a Whack at Volkswagen and other Parties on Dieselgate Scandal | SWFI – Sovereign Wealth Fund Institute