In a news release issued late Thursday, the SEC said the German auto maker raised billions of dollars through the corporate bond and fixed-income markets,...
The U.S. Securities and Exchange Commission said it charged Volkswagen AG, two of its units, and former Chief Executive Martin Winterkorn with defrauding U.S. bond investors.
In a news release issued late Thursday, the SEC said the German auto maker raised billions of dollars through the corporate bond and fixed-income markets, while making a series of deceptive claims about the environmental impact of the company’s “clean diesel” fleet. The SEC said it alleges in its complaint that from April 2014 to May 2015 VW issued more than $13 billion in bonds and asset-backed securities in the U.S. markets at a time when senior executives knew that more than 500,000 vehicles in the U.S. grossly exceeded legal vehicle-emissions limits, exposing the company to massive financial and reputational harm.
The SEC’s complaint alleges that Volkswagen made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance, and VW’s financial standing, the agency said.The Yale dad who set off the college-admissions scandalWant news about Europe delivered to your inbox? Subscribe to MarketWatch's free Europe Daily newsletter. Sign up here.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
SEC sues Volkswagen, Winterkorn, citing 'Dieselgate' fraud on investorsThe U.S. Securities and Exchange Commission sued Volkswagen AG and its former ch...
Weiterlesen »
SEC Charges VW, Ex-CEO Winterkorn With Defrauding U.S. Bond InvestorsBreaking: SEC charges Volkswagen and former CEO Martin Winterkorn with defrauding U.S. investors over 'clean-diesel' claims
Weiterlesen »
SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investorsThe U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and i...
Weiterlesen »
SEC charges Volkswagen, former CEO with defrauding investorsWASHINGTON (AP) — The Securities and Exchange Commission is charging Volkswagen and former CEO Martin Winterkorn with defrauding American investors during an emissions scandal. The SEC said...
Weiterlesen »
SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investorsThe Securities and Exchange Commission is suing Volkswagen and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal.
Weiterlesen »
SEC charges Volkswagen and its former CEO with defrauding investorsSurprise charges from the SEC, filed late Thursday, come two years after Volkswagen settled with the U.S. over criminal and civil charges, as the company tries to distance itself from one of its darkest eras.
Weiterlesen »
Volkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheatingVolkswagen AG said the U.S. Securities and Exchange Commission may sue the Germa...
Weiterlesen »
SEC alleges Volkswagen 'perpetrated a massive fraud' and repeatedly lied to US investorsVolkswagen said the SEC complaint 'is legally and factually flawed.'
Weiterlesen »
SEC sues Volkswagen, alleging it misled investors in emissions scandalThe lawsuit stems from the German automaker's notorious 2015 scandal, when illegal software was used to cheat U.S. emissions tests.
Weiterlesen »