VW executive jailed 7 years for US emissions fraud - Business News - News Summed Up

VW executive jailed 7 years for US emissions fraud - Business News


"It is my opinion that you are a key conspirator in this scheme to defraud the United States," U.S. District Judge Sean Cox of Detroit told Schmidt in court. "You saw this as your opportunity to shine ... and climb the corporate ladder at VW. "Schmidt read a written statement in court acknowledging his guilt and broke down when discussing his family's sacrifices on his behalf since his arrest in January. Department of Justice trial attorney Benjamin Singer argued in court that Schmidt was "part of the decision making process" at VW to hide a scheme to fake vehicle emissions results and had opportunities tell regulators the truth. prosecutors have charged eight current and former Volkswagen executives.


Source: The Star December 07, 2017 00:22 UTC


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