In a shocking outcome of events in the Volkswagen Emissions Class Action Lawsuit, 6 Executives pleaded guilty to their criminal roles in the emissions-cheating scandal. One of the six men charged was arrested the first week of January 2017, the other 5 men are believed to be residing in Germany.
The automaker is set to pay $4.3 billion in criminal and civil penalties, bringing the total cost of the deception pay to $20 billion after paying out settlements of suits by car owners, making this one of the costliest corporate scandals in history!
According to Andrew McCabe, the deputy director of the Federal Bureau of Investigations, “This case is a great example of the fact that no corporation is too big, no corporation is too global, and no person is beyond the law.”
The Volkswagen employees charged include Heinz-Jakob Neusser, 56, who oversaw development of the company’s brand; Jens Hadler, 50, who oversaw engine development; Richard Dorenkamp, 68, another supervisor of engine development; Bernd Gottweis, 69, who helped oversee quality management; and Jürgen Peter, 59, who was a liaison between regulatory agencies and the carmaker. All men are charged with conspiracy to defraud the united States, defraud customers and violate the Clean Air Act.
As part of the settlement, the company will be on probation for three years and will be subject to the oversight of an independent monitor. Volkswagen must also cooperate with investigations into current and former employees.