Tag Archives: vw diesel fraud

Damning SEC Charges on Volkswagen ‘Clean Diesel’ Fraud

Posted on 15 March 2019 by Ken Zino

2. Winterkorn and other VW executives were made aware of the defeat device as early as November 2007, during a meeting with VW engineers, to discuss the emissions problems with VW’s “clean diesel” vehicles. Continue reading →

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U.S. Court Grants $14.7 Billion Plea in VW Diesel Fraud Case. Criminal Charges, Fines, Stockholder Lawsuits Outstanding

Posted on 25 October 2016 by Ken Zino

U.S. District Judge Charles Breyer today approved a $14.7 billion partial Consent Decree plea deal between Volkswagen, the California Air Resources Board (CARB), the Environmental Protection Agency (EPA), the U.S. Department of Justice (US DOJ) and the U.S. Federal Trade … Continue reading →

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Long-Time Volkswagen Engineer Pleads Guilty to Criminal Charges for Rigging Tests on Dirty Diesels

Posted on 12 September 2016 by Ken Zino

In the latest setback for beleaguered Volkswagen in the thus far un-ending Dieselgate scandal, a long-time employee – James Robert Liang – pled in the U.S. Eastern District Court of Michigan to criminal charges over his role in rigging results for at least 11 million diesels, thereby defrauding regulators. Continue reading →

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Volkswagen to Pay Dealers $1.2 Billion over Dirty Diesels

Posted on 26 August 2016 by Ken Zino

Volkswagen Group of America says it has reached an “agreement in principle” to settle the claims of 650 VW franchise dealers in the United States relating to TDI vehicles affected by the dirty diesel fraud and other matters about the value of the franchise. Volkswagen will make cash payments – estimated at $1.2 billion – and provide unnamed “additional benefits” to the dealers to resolve past, current and future claims of losses in franchise value. Continue reading →

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