Volkswagen recently agreed to pay $15 billion to settle some of the allegations involving the carmaker’s use of so-called “defeat devices” to cheat on emissions tests in diesel cars, but a new report says federal criminal charges could be in the offing for VW. [More]
Federal prosecutors are poised to settle a criminal investigation into General Motor’s mishandling of the ignition switch defect linked to more than 120 deaths and hundreds of injuries. [More]
Bankrupt for-profit college chain Corinthian Colleges Inc. is already party to a number of state and federal investigations related to the alleged deceptive recruiting practices at its Heald College, WyoTech and Everest University campuses. Now, a group of senators are hoping to add another investigation to the roster. [More]
Life isn’t always easy for one-percenters. Every now and again, high-profile white collar criminals get pinched by the legal system. The former head of a management consultant group is expected to face criminal charges for allegedly sharing inside information from Goldman Sachs board meetings to a hedge fund manager.