SEC Charges Volkswagen, Former CEO with Defrauding Investors

The complaint alleges that Volkswagen made false and misleading statements to investors and underwriters about vehicle quality, environmental compliance, and VW’s financial standing and that, by concealing the emissions scheme, Volkswagen obtained hundreds of millions of dollars in benefit by issuing the securities at more attractive rates for the company.
Source: https://eponline.com/articles/2019/03/15/sec-charges-volkswagen-with-fraud.aspx