TechCrunch·3 min read·medium
Volkswagen engineers charged with insider trading tied to Rivian joint venture
K
Kirsten Korosec
✦AI Summary
Two Volkswagen engineers have been indicted for insider trading related to a $5 billion joint venture with electric vehicle maker Rivian. The defendants allegedly profited over $300,000 by trading stock based on confidential information before the deal was publicly announced.
The U.S. Department of Justice has charged two Volkswagen engineers with securities fraud for an alleged insider-trading scheme connected to the German automaker’s joint venture with Rivian.
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