US-based VW exec sentenced
Print Edition
A US-based Volkswagen AG executive who oversaw emissions issues was sentenced to seven years in prison and fined US$400,000 by a judge on Wednesday for his role in a diesel emissions scandal that has cost the German automaker as much as US$30 billion.
The prison sentence and fine for Oliver Schmidt were the maximum possible under a plea deal in August the German national made with prosecutors after admitting to charges of conspiring to mislead US regulators and violate clean-air laws.
“It is my opinion that you are a key conspirator in this scheme to defraud the United States,” US District Judge Sean Cox of Detroit told Schmidt in court. “You saw this as your opportunity to shine ... and climb the corporate ladder at VW.”
Schmidt read a written statement in court acknowledging his guilt and broke down when discussing his family’s sacrifices on his behalf since his arrest in January.
“I made bad decisions and for that I am sorry,” he said.
Department of Justice trial attorney Benjamin Singer argued in court that Schmidt was “part of the decision making process” at VW to hide a scheme to fake vehicle emissions results and had opportunities to tell regulators the truth.
“Every time he chose to lie,” Singer said.
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