This is a step that I have pointed out as coming next!
Next is NOW!
VW admitted to fraud under former execs & paid huge fines. Now VW is demanding that former board members pay them back for the losses!
Screenshots from a translated version of the article! #ButNothingsHappening
Former CEO who resigned in 2015 over the scandal has recieved a demand to pay over one billion Euro to compensate VW for his misconduct!
4 other former execs are also in the crosshairs for smaller amounts. But VW is expecting insurance companies who provided executive liability insurance to pay up a 1/2 of that billion Euro. Which obviously will be a huge hit to the insurance companies.
Which will motivate the insurance companies to force better conduct by insured execs & companies in the future...
It may also lead the insurance companies to investigate & prove criminal conduct by the execs to invalidate the insurance coverage! They will collect the #receipts!
Several of the execs have been indicted for fraud & now the insurance companies have at least 1/2 a billion reasons to hand over the evidence of their guilt!
In the past, executives have gotten away without taking too big of a hit. But by seeking amounts that max out the insurance policies at VW, Audi & Porshe it will motivate the insurance companies to shift the blame to the executives!
VW is blaming their former CEO for his inaction after the date they can prove he knew of the fraud to rig diesel engine emissions & MPG tests to deceive US regulators!
VW focuses only on the last 8 weeks they can prove he knew about it, hoping they can find the #receipts to show he knew long before he testified he knew about it. The paper does note the insurance companies can get off the hook for the cash if the execs get convicted.
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What if I told you that an oligarch behind many of the Clintons worst crimes has flipped?
Why would so called conservative media ignore this story? Because they get ratings by tricking you into thinking nothing is happening. #ButNothingsHappening#GilbertChagoury
Lebanese & Nigerian billionaire Gilbert Chagoury who illegally funded the Clinton's campaigns from 1996-2016 reached a secret agreement with DOJ to provide "unique cooperation" in October 2019. His cooperation was kept secret until 2 weeks ago!
I will be producing this thread today, but many of the side cases from this that I will post later threads on details of those cases. But Chagoury connects to so many Swampy crimes including the set up of Republicans to gain leverage over them.
Not just 2018, but Bezos‘ Amazon has paid almost $0 in federal taxes EVERY year. So higher tax rates won’t bother him, he’ll just evade them like he always does.
I guess for April Fools Day the @nytimes will publish a real news story today!
IRS caught Big Pharma company Bristol Myers dodging $1.4B by assigning patents to it's Ireland office. A common tactic to pay royalties on it's products into a low tax nation. #ButNothingsHappening
Multinational corporations buy off Swamp creatures around the world to make loopholes that they can drive billions in profits through to evade taxes.
Relying upon the corruption services industry (accountants, lawyers, & others) to hide the arrangements & defend them if caught.
Ah, now we see why the NY Times cares today. It wants to use it as an excuse to support the infrastructure tax increases. Of course these multinationals will just invent new tax avoidance schemes & small businesses will pay all the taxes just as it is not.
Something smells wrong with the fraud, Tyson & Company1 paid this guy $244M to but & feed cattle from 2016-2020 without them noticing there were no cattle? Really?
The fake cattle were then used to manipulate cattle prices in the markets?
Nothing but a billionaire global Swamp creature flipping on the politicians he was illegally funding in 2019 & DOJ using his cooperation in secret until today!
According to DOJ, he has been providing unique & extremely important cooperation during the 18 months since he confessed his guilt & handed over the #Receipts
Very interesting, the corruption that #DaphneCaruanaGalizia was covering before her murder lead to China & included Chinese oligarchs buying Maltese citizenship to become EU citizens through bribery. #ButNothingsHappening
The shell company used for the kickbacks, Macbridge, was set up by the mother-in-law of a Chinese executive with Accenture one of the largest & allegedly Swampy global consulting firms. It was a spin off from accounting firm Arthur Anderson implicated in the Enron case.
Accenture (formerly Anderson Consulting) has a long history & been in a variety of questionable issues. Facing pressure in the early 2000s for being a US federal contractor incorporated in Bermuda, a well known tax haven. en.wikipedia.org/wiki/Accenture