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#4298027 - 01/09/17 06:54 PM VAG Exec Arrested - No Bail
Y_K Offline


Registered: 05/29/09
Posts: 2152
Loc: WA (USA)
WSJ = A Volkswagen AG executive was arrested and charged as part of a U.S. investigation into the German auto giantís emissions-cheating scandal, with a federal complaint detailing how the companyís top management conspired to hide the cheating from regulators.

Oliver Schmidt, who was once in charge of ensuring that Volkswagen vehicles complied with U.S. emissions, was arrested by Federal Bureau of Investigation agents on Saturday at Miami International Airport as he prepared to fly home to Germany. He is suspected of conspiring to defraud the U.S. government and U.S. consumers to sell Volkswagen diesel vehicles.

In one of the most dramatic scenes to unfold since Volkswagen admitted in September 2015 to installing illegal software on millions of its vehicles to cheat emissions test, the portly executive stood forlorn-looking before a U.S. magistrate in Florida on Monday in handcuffs, shackles and a tan jumpsuit.

He was denied bail pending a Thursday court appearance for fear he could flee to Germany.

ďAnd if he goes back, heís never coming back,Ē Benjamin Singer, a Justice Department lawyer, told the court. Mr. Singer said an attorney for Mr. Schmidt had alerted government lawyers that the executive would be in Florida for vacation.

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#4298043 - 01/09/17 07:06 PM Re: VAG Exec Arrested - No Bail [Re: Y_K]
CT8 Online   content


Registered: 10/09/14
Posts: 11018
Loc: Idaho
The corp didn't lobby enough $$$$$$$$$$$$$$$$$$$$$$$$$
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#4298056 - 01/09/17 07:26 PM Re: VAG Exec Arrested - No Bail [Re: Y_K]
Danno Online   content


Registered: 10/07/12
Posts: 1993
Loc: Northern Ontario, Canada
"Mr. Singer said an attorney for Mr. Schmidt had alerted government lawyers that the executive would be in Florida for vacation"

With lawyers like that, who needs enemies?
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#4298058 - 01/09/17 07:27 PM Re: VAG Exec Arrested - No Bail [Re: CT8]
Jimzz Offline


Registered: 10/03/14
Posts: 1148
Loc: NoVA
Originally Posted By: CT8
The corp didn't lobby enough $$$$$$$$$$$$$$$$$$$$$$$$$


That or should have hired the lawyers that represented the banks during the bailouts.
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yup

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#4298060 - 01/09/17 07:28 PM Re: VAG Exec Arrested - No Bail [Re: Y_K]
SatinSilver Offline


Registered: 01/24/08
Posts: 10182
Loc: OH
He's going to be shipped to Detroit where the case against him is being prepared.

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#4298062 - 01/09/17 07:28 PM Re: VAG Exec Arrested - No Bail [Re: Jimzz]
CT8 Online   content


Registered: 10/09/14
Posts: 11018
Loc: Idaho
Originally Posted By: Jimzz
Originally Posted By: CT8
The corp didn't lobby enough $$$$$$$$$$$$$$$$$$$$$$$$$


That or should have hired the lawyers that represented the banks during the bailouts.
You are smarter than I!
_________________________
"Don't let your preconceived notions get in the way of facts."
Geoff Metcalf

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#4298064 - 01/09/17 07:29 PM Re: VAG Exec Arrested - No Bail [Re: Y_K]
rshaw125 Offline


Registered: 08/18/04
Posts: 3259
Loc: Raleigh ,NC CSA
Bullies. A very long list of criminals freely walking the streets of the US.
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#4298068 - 01/09/17 07:31 PM Re: VAG Exec Arrested - No Bail [Re: SatinSilver]
CT8 Online   content


Registered: 10/09/14
Posts: 11018
Loc: Idaho
Originally Posted By: SatinSilver
He's going to be shipped to Detroit where the case against him is being prepared.
Detroit ? Strange.
_________________________
"Don't let your preconceived notions get in the way of facts."
Geoff Metcalf

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#4298070 - 01/09/17 07:32 PM Re: VAG Exec Arrested - No Bail [Re: Y_K]
Nick1994 Offline


Registered: 02/19/13
Posts: 10133
Loc: Phoenix, AZ
I hope he spends a long time in jail.
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#4298075 - 01/09/17 07:36 PM Re: VAG Exec Arrested - No Bail [Re: CT8]
SatinSilver Offline


Registered: 01/24/08
Posts: 10182
Loc: OH
Originally Posted By: CT8
Originally Posted By: SatinSilver
He's going to be shipped to Detroit where the case against him is being prepared.
Detroit ? Strange.


Yes, it is and here's the article:

http://www.latimes.com/business/autos/la-fi-hy-volkswagen-arrest-20170109-story.html


Edited by SatinSilver (01/09/17 07:45 PM)

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#4298076 - 01/09/17 07:37 PM Re: VAG Exec Arrested - No Bail [Re: Y_K]
fields Offline


Registered: 04/11/03
Posts: 120
Loc: TX
Bet he can get a fair trial in Detroit.

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#4298082 - 01/09/17 07:43 PM Re: VAG Exec Arrested - No Bail [Re: Nick1994]
VNTS Offline


Registered: 03/01/07
Posts: 1643
Loc: NE
Originally Posted By: Nick1994
I hope he spends a long time in jail.



yes cheaters should spend time in jail, this guy will take one for the team!

you can thank vw for screwing any future deisels in the US, they will be too expensive.

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#4298122 - 01/09/17 08:20 PM Re: VAG Exec Arrested - No Bail [Re: Y_K]
Eddie Offline


Registered: 12/07/03
Posts: 9578
Loc: Florida, Cape Coral
He should be joining our SEC Bank Executives who got us in the economic mess through their greed. Ed
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#4298127 - 01/09/17 08:22 PM Re: VAG Exec Arrested - No Bail [Re: Nick1994]
madRiver Offline


Registered: 07/11/15
Posts: 3545
Loc: New England
Originally Posted By: Nick1994
I hope he spends a long time in jail.


Why????? It's federal white collar crime that was unethical but did not hurt anyone.

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#4298128 - 01/09/17 08:23 PM Re: VAG Exec Arrested - No Bail [Re: Eddie]
SatinSilver Offline


Registered: 01/24/08
Posts: 10182
Loc: OH
I think he traveled to Miami from Germany. What a vacation that turned out to be. smile

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