Article: SEC Actually Will Investigate Volkswagen Over April Fools’ Prank

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SEC Actually Will Investigate Volkswagen Over April Fools’ Prank

Tim Healey, 30 April 2021

We began April talking about Volkswagen’s April Fool’s Day prank that went awry, and we end the month back on the same topic. Circle of life!

We’re back on that topic because the Securities and Exchange Commission is investigating what happened. We reported, way back at the beginning of the month, that the SEC might investigate. And now, we know that it will. The New York Times says Volkswagen did not deny reports from Der Spiegel and other German media outlets that it is under investigation by the SEC. Continue reading “Article: SEC Actually Will Investigate Volkswagen Over April Fools’ Prank”

Article: Opinion: Wirecard fraud shows it’s time to regulate the regulators

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Opinion: Wirecard fraud shows it’s time to regulate the regulators

Kate Ferguson, 29 April 2021

What would you do if you were confident you could get away with it? Perhaps you’d rob a bank, or have a wild affair. Or maybe you’d subsist on nothing but candy floss for the rest of your life.

The chances are you won’t, though. The risk of being arrested, destroying your marriage or becoming a diabetic are simply too high. For most of us, the question is destined to remain hypothetical. After all, life has taught us that bad behavior does not generally go unpunished.

Generally doesn’t mean always
There are notable exceptions to the rule, though. In recent years, three major scandals in Germany have provided pleasingly concrete answers to the question. Continue reading “Article: Opinion: Wirecard fraud shows it’s time to regulate the regulators”

Article: ‘Voltswagen’ April Fools Stunt Could Backfire Spectacularly

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‘Voltswagen’ April Fools Stunt Could Backfire Spectacularly

TooFab Staff, 02 April 2021

Volkswagen said the name change was a joke — but not everybody is laughing.

Volkswagen broke a few April Fools rules with its name change prank this week; namely it not even being April Fools Day, and continuously insisting it wasn’t a prank when called out.

But it may have broken even more serious rules after the stunt caused share prices to soar… leading some business experts to predict an investigation into possible stock market manipulation.

The controversy began on Monday (note: that’s March 29, a good deal short of April 1) when the company “accidentally” leaked an incomplete press release, revealing its intention to change its name to Voltswagen to mark its move towards electric vehicles. Continue reading “Article: ‘Voltswagen’ April Fools Stunt Could Backfire Spectacularly”