German prosecutors charge former Volkswagen CEO Martin Winterkorn with fraud

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Prosecutors in the German city of Braunschweig say they are pressing criminal charges against former Volkswagen CEO Martin Winterkorn in connection with the carmaker's manipulation of diesel emissions testing.

Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker's emissions scandal in Berlin, Germany, Jan. 19, 2017.Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.

He neglected to inform authorities in Europe and the United States as well as customers of the illegal software and he also did not prevent the continued installation of such software, the prosecutors said. Winterkorn remains in Germany, which does not typically extradite its citizens for prosecution in U.S. courts.

 

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CEO's get paid ungodly sums so they can afford lawyers when lawsuits are brought b/c of Nazi employees scheme to bring down company? 🐛💀🥀

Go figure, a CEO actually being held accountable. What say you US Bankers?

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