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Thread: Cheaters? Recalls? Discuss

  1. #561
    NostraJackAss Jack@European_Parts's Avatar
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    https://www.google.com/url?sa=i&sour...50934738652493
    Top German court backs VW owners in 'dieselgate' opinion
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  3. #562
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    VW Seeks Diesel Case Settlement Ahead of Top Court Ruling, Sources Say

    https://www.google.com/url?sa=i&sour...50934920718566
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  5. #563
    NostraJackAss Jack@European_Parts's Avatar
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    Mere Pennies........


    NGT imposes Rs 500 crore fine on Volkswagen for flouting pollution norms


    https://economictimes.indiatimes.com...w/68312415.cms
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  6. #564
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    https://finance.yahoo.com/video/fiat...192431477.html

    Opps another boo booo

    Fiat Chrysler recalling 965,000 US, Canadian vehicles over excess emissions

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  7. #565
    NostraJackAss Jack@European_Parts's Avatar
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    This falls into cheating still & recall of scholastic in-achievement

    Students, parents file suits over 'sanctity' of admissions process; one mom wants $500 B



    http://www.ktvu.com/news/2-stanford-...ssions-process

    https://www.documentcloud.org/docume...-Stanford.html
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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  8. #566
    Benevolent Dictator Uwe's Avatar
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    Quote Originally Posted by Jack@European_Parts View Post
    This falls into cheating still & recall of scholastic in-achievement
    Students, parents file suits over 'sanctity' of admissions process; one mom wants $500 B
    $500B is just patently absurd. If I were the judge, I would indeed give them something: The exactly amount of their application fee; I think it's $85.

    Nobody has a "right" to be admitted to any particular university.

    -Uwe-
    The engineering problems are likely insurmountable. It would be like proposing to land a rocket booster section on a barge floating in the middle of the ocean.

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  10. #567
    NostraJackAss Jack@European_Parts's Avatar
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    The short to come is here?
    https://www.nydailynews.com/news/ny-...315-story.html

    SEC accuses Volkswagen of raising billions of dollars in 'massive' clean diesel fraud

    https://www.nytimes.com/2019/03/15/b...sec-fraud.html
    Ex-VW Chief Knew of Diesel Scheme Years Earlier Than He Admitted, S.E.C. Says

    https://www.reuters.com/article/uk-v...-idUSKCN1QW0J5

    U.S. SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors


    https://www.foxbusiness.com/industri...g-us-investors

    SEC charges VW, former CEO with defrauding US investors


    https://www.bbc.com/news/business-47578888

    Volkswagen and former boss face US lawsuit over Dieselgate

    SEC Charges Volkswagen With Defrauding U.S. Bond Investors

    Last edited by Jack@European_Parts; 03-15-2019 at 12:26 PM.
    European Parts Emporium/Performance / Immobilizer Solutions EPE
    Certified Master Trained NY/BAR/BAD 7076062/ASE/SAE/NASTF Legal Factory Authorized/Licensed GeKo/FaZit # 403738
    Specializing in Custom Services IE: "welding-fabrication" / EPA-SMOG Update or Pass-Thru-Programming / Data Transfer / Immobilizers & OEM Quality Parts
    Above Magic! No Written record, AUTO-SCAN or Appointment = NO HELP!
    www.FixMyEuro.com <<<<<CLICK HERE! or vwemporium@aol.com ( JPPSG & Unverified members need not PM me & Please don't email or call facility for free tech support...use the forum )
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  11. #568
    NostraJackAss Jack@European_Parts's Avatar
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    https://www.sec.gov/news/press-release/2019-34

    https://www.sec.gov/files/complaint-2019-03-14_0.pdf

    S




    U.S. SECURITIES AND EXCHANGE COMMISSION






    SEC Charges Volkswagen, Former CEO With Defrauding Bond Investors During "Clean Diesel" Emissions Fraud

    FOR IMMEDIATE RELEASE
    2019-34

    Washington D.C., March 14, 2019 —
    The Securities and Exchange Commission today charged Volkswagen AG, two of its subsidiaries, and its former CEO, Martin Winterkorn, for defrauding U.S. investors, raising 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.
    According to the SEC's complaint, from April 2014 to May 2015, Volkswagen 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 United States grossly exceeded legal vehicle emissions limits, exposing the company to massive financial and reputational harm. The complaint alleges that Volkswagen made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance, and VW's financial standing. By concealing the emissions scheme, Volkswagen reaped hundreds of millions of dollars in benefit by issuing the securities at more attractive rates for the company, according to the complaint.
    "Issuers availing themselves of American capital markets must provide investors with accurate and complete information," said Stephanie Avakian, Co-Director of the Division of Enforcement. "As we allege, Volkswagen hid its decade-long emissions scheme while it was selling billions of dollars of its bonds to investors at inflated prices."
    The SEC's complaint, filed in the U.S. District Court for the Northern District of California, charges Volkswagen AG, its subsidiaries Volkswagen Group of America Finance, LLC and VW Credit, Inc., and Winterkorn with violating the antifraud provisions of the federal securities laws. The SEC complaint seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and civil penalties. The complaint also seeks an officer and director bar against Winterkorn.
    The SEC's investigation was conducted by Kevin Wisniewski, Jake Schmidt, Amy Flaherty Hartman, and Daniel Nigro of the Complex Financial Instruments Unit and the Chicago Regional Office, under the supervision of Jeffrey Shank and Daniel Michael, Chief of the Enforcement Division's Complex Financial Instruments Unit. The litigation is being led by Daniel Hayes.
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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    Above Magic! No Written record, AUTO-SCAN or Appointment = NO HELP!
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  12. #569
    Benevolent Dictator Uwe's Avatar
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    Quote Originally Posted by Jack@European_Parts View Post
    https://www.nydailynews.com/news/ny-...315-story.html
    SEC accuses Volkswagen of raising billions of dollars in 'massive' clean diesel fraud
    https://www.nytimes.com/2019/03/15/b...sec-fraud.html
    Ex-VW Chief Knew of Diesel Scheme Years Earlier Than He Admitted, S.E.C. Says
    https://www.reuters.com/article/uk-v...-idUSKCN1QW0J5
    U.S. SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors
    https://www.foxbusiness.com/industri...g-us-investors
    SEC charges VW, former CEO with defrauding US investors
    https://www.bbc.com/news/business-47578888
    Volkswagen and former boss face US lawsuit over Dieselgate
    SEC Charges Volkswagen With Defrauding U.S. Bond Investors
    Wait, where is the harm to investors? VW is not in default of any bonds, are they?

    -Uwe-
    The engineering problems are likely insurmountable. It would be like proposing to land a rocket booster section on a barge floating in the middle of the ocean.

  13. #570
    NostraJackAss Jack@European_Parts's Avatar
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    Wait, where is the harm to investors? VW is not in default of any bonds, are they?

    -Uwe-

    Did you read the complaint? /\ \/


    https://www.sec.gov/files/complaint-2019-03-14_0.pdf


    https://forums.ross-tech.com/showthr...l=1#post158498
    European Parts Emporium/Performance / Immobilizer Solutions EPE
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    Specializing in Custom Services IE: "welding-fabrication" / EPA-SMOG Update or Pass-Thru-Programming / Data Transfer / Immobilizers & OEM Quality Parts
    Above Magic! No Written record, AUTO-SCAN or Appointment = NO HELP!
    www.FixMyEuro.com <<<<<CLICK HERE! or vwemporium@aol.com ( JPPSG & Unverified members need not PM me & Please don't email or call facility for free tech support...use the forum )
    Getting you CONTROL again of your property - TAKE IT! In Conjunction with.........

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