We knew it was coming, but now it’s official: Volkswagen, as part of a settlement agreement with the Department of Justice, pleaded guilty Friday to three felony counts related to its “Dieselgate” scandal. [More]
criminal charges
3 Takata Execs Face Criminal Charges Over Handling Of Deadly Airbag Defect
By 1.13.17
For the second time in one week federal authorities have taken the rare step of bringing criminal charges against auto industry executives for alleged wrongdoing. Today, the Justice Department announced criminal indictments against a trio of execs at auto parts maker Takata for their involvement with the shrapnel-shooting airbags that have been linked to at least 11 deaths. [More]
Feds Bring Criminal Charges Against 6 Volkswagen Executives
By 1.11.17
In a rare instance of criminal charges being brought against executives at one of the world’s largest car companies, federal authorities have indicted six Volkswagen employees involved in the decade-long “Dieselgate” scandal and cover-up. [More]
VW Reaches $4.3 Billion Settlement Over Criminal Allegations For ‘Dieselgate’
By 1.10.17
Days after federal authorities arrested a Volkswagen executive in connection with the company’s ongoing “Dieselgate” scandal, the carmaker says it has reached a $4.3 billion settlement to resolve allegations of criminal wrongdoing. [More]
ConAgra Subsidiary Sentenced For Distributing Contaminated Peanut Butter 10 Years Ago
By 12.13.16
The Great Peanut Butter Recall of 2007 affected peanut butter sold under the Peter Pan and Great Value brands. The company pleaded guilty to criminal charges of the introduction into interstate commerce of adulterated food, and has finally been sentenced. As announced last year, it must pay an $8 million fine and forfeit more than $3 million in assets. [More]
Report: Takata In Talks To Resolve Criminal Allegations From Deadly Airbag Debacle
By 9.28.16
Nearly two years after Takata announced it was subject to a federal criminal investigation related to its handling of shrapnel-shooting airbags, the Japanese auto parts maker is reportedly working to make a deal with the Justice Department to resolve allegations of criminal wrongdoing. [More]
Prosecutors Find Evidence Of Criminal Behavior At VW, Says Report
By 8.16.16
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]
Report: Prosecutors, GM Reach $900M Agreement To Settle Criminal Charges Over Ignition Defect
By 9.17.15
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]
Senators Call For Attorney General Investigation Into Executives Of Corinthian Colleges
By 5.6.15
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]
Consultant Who Allegedly Leaked Info During Financial Crisis Faces Criminal Charges
By 10.26.11
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. [More]
