fraud
Former Porsche CFO Guilty of Fraud: Court Finds
Former Porsche Chief Financial Officer Holger Haerter was convicted of fraud in a Berlin court today.
Mercedes USA CEO Axed for Spending Company Funds on Home Renovation
Mercedes-Benz USA CEO Ernst Lieb (center) was dismissed this week over allegations of major breaches of compliance, according to a report by German newspaper Handelsblatt. Lieb is reported to have paid for an addition to his home, as well as golf club fees at the expense of parent company Daimler. “Ernst was repeatedly warned, but he…
General Manager Jailed For Embezzling Car Dealership
Proffitt forged the signatures on each of the checks he wrote and deposited them into personal bank accounts, most of the transactions occurred over an almost three-year period between April 2008 and February 2011.
FBI Charges Two in Hummer Fraud Scam that Saw 200 SUVs Shipped Overseas
You don’t mess with GM, as a car salesman and a trucking company owner found out recently. They’ve been charged by the FBI for allegedly selling more than 200 Hummers overseas with phony titles and collecting more than $500,000 in unearned incentives from General Motors. Steve Romshek, a former salesman at the Huber dealership in…
Renault Admits Wrongdoing In Spy Case, Executives Exonerated
Renault is admitting that is wrongfully dismissed three executives accused of corporate espionage, saying it has found no evidence to support the allegations made. Carlos Ghosn, Renault’s CEO, met with the three and promised compensation for their erroneous termination. Renault had accused the executives of holding illicit bank accounts in Switzerland and Lichtenstein, but their…
Ford’s European Offices Raided By German Authorities
Ford’s European headquarters in Cologne, Germany has been raided by German officials as part of an investigation into a kickback scandal by the German prosecutors office. While Ford itself is supposedly not the target of the investigation, employees at Ford have been implicated in the scandal, and Ford, as well as the German government are…
