Volkswagen has plead guilty and agreed to pay $4.3 billion in civil and criminal penalties for their part in selling “clean diesels” that were actually quite dirty.
“VW is charged with participating in a conspiracy to defraud the U.S. and VW customers and for violations of the Clean Air Act by lying and misleading the Environmental Protection Agency (EPA) and U.S. customers about the emissions systems. Volkswagen admits it spent years using sophisticated and illegal software to conceal nitrogen oxide emissions that are up to 40 times higher than allowed by law.”
VW will be on probation and will be watched by an independent monitor for three years.
In addition, six VW executives have been indicted by a federal grand jury and may soon join their buddy behind bars.