EVsThe Next Web1 day ago
Two VW engineers charged with Rivian insider trading
1 min read
Federal prosecutors charged Volkswagen engineers Michael Stamp and Marcus Plank with insider trading for buying Rivian stock before a $5 billion joint venture was announced. Stamp allegedly made $250,000 in profit; Plank netted $50,000. Each faces up to 25 years in prison. Rivian shares rose 23 percent on the announcement day.
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