Earlier quoted context omitted.
SBF is in prison, so it happens sometimes.
Usually it happens only if you steal from investors. Stealing from consumers is fine.
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German court sends VW execs to prison over Dieselgate scandal
151–160 of 348 posts
Re: German court sends VW execs to prison over Dieselgate scandal
#152Earlier quoted context omitted.
Someone floated on here that the punishment should be partial government ownership stakes instead of weak fines. It doesn't syphon off funds and risk damaging important national companies that are 'too big to punish'. Instead it dilutes shareholder value and DIRECTLY impacts the company owners. It also gives the government an inside place in the company which no company wants to deal with. If a company doesn't change…
VW already is owned by the German state of NRW (20% of the voting rights, 11.8% of the equity)
Not exactly. Volkswagen headquarters are located in Wolfsburg which belongs to the German state of Lower Saxony (Niedersachsen). NRW, or officially abbreviated NW, is the state of North Rhine-Westphalia (Nordrhein-Westfalen).
Therefore it's Lower Saxony that owns some parts of Volkswagen.
Re: German court sends VW execs to prison over Dieselgate scandal
#153Earlier quoted context omitted.
SBF is in prison, so it happens sometimes.
Usually it happens only if you steal from investors. Stealing from consumers is fine.
We’re in the midst of watching Apple get away with criminal contempt for forcing consumers to be as ignorant as possible of their IAP fees - including forcing Patreon to exclusively use them while under court order to allow them to link to their own payments!
Re: German court sends VW execs to prison over Dieselgate scandal
#154Earlier quoted context omitted.
You can’t wage modern war without diesel engines, those trucks won’t drive themselves close to the front-lines (and, no, electric-powered trucks in times of war are a terrible idea, and the ones powered by gasoline are a lot less efficient and don’t provide the same torque numbers).
Valid points you’re making. Let me make a counter point: as a German, I’ve seen tanks on 5/6 occasions in my life, never using their own engines. But at the same time, I’ve seen hundreds of cars every day and breathed their emissions. It’s totally fine if tanks continue using diesel, but cars, trucks etc. not using diesel (or gas) engines anymore will have a measurable effect on my health
I actually would also prefer modern stealth tanks battery or hydrogen/fuel cell powered.
Otherwise good point.
Re: German court sends VW execs to prison over Dieselgate scandal
#155Where can one find these "defeat devices"? (asking for educational purposes)
IIRC it was just the firmware in Bosch ECUs.
Re: German court sends VW execs to prison over Dieselgate scandal
#156Now do Boeing!
Re: German court sends VW execs to prison over Dieselgate scandal
#157This is good to see. Often we see the scandal unfold but hear very little about the followups. They're long, drawn out, and incredibly boring. But at the end, there's something very valuable.
Without these followups the public feel like they just get away, and in some cases they do. I'd argue that without seeing the punishment we are encouraging these crimes.
I'd much rather read this kind of news than whatever filler bullshit is on the front page of the news now.
Re: German court sends VW execs to prison over Dieselgate scandal
#158[dead]
Re: German court sends VW execs to prison over Dieselgate scandal
#159Earlier quoted context omitted.
They jailed 1 banker lol
> They jailed 1 banker lol You've been incorrectly informed. As reported back in 2018[0], 36 individuals had already received a cumulative jail sentence of 96 years, with still more cases ongoing when this report was written. [0]: https://www.visir.is/g/20181632401d/36-manns-i-samtals-96-ar...
Thanks for the correction. I incorrectly recalled from that documentary "Inside Job"
Re: German court sends VW execs to prison over Dieselgate scandal
#160Earlier quoted context omitted.
SBF is in prison, so it happens sometimes.
SBF stole from rich people. Strategic error on his part.
True, but context matters. SBF was running a disruptive crypto startup that drew intense scrutiny, and his operations were so amateurish that proving misconduct was straightforward. Traditional corporations tend to reduce the risk of prison-worthy exposure thanks to tighter compliance and better legal insulation, even when the harm is just as large.