{"id":66853,"date":"2026-08-04T23:36:09","date_gmt":"2026-08-04T23:36:09","guid":{"rendered":"https:\/\/www.europesays.com\/germany\/66853\/"},"modified":"2026-08-04T23:36:09","modified_gmt":"2026-08-04T23:36:09","slug":"ex-vw-engineers-deny-rivian-insider-trading-charges","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/germany\/66853\/","title":{"rendered":"Ex-VW engineers deny Rivian insider trading charges"},"content":{"rendered":"

\n August 4, 2026 6:00 PM, EDT<\/p>\n

(Michaela Stache\/Bloomberg)<\/p>\n

Key Takeaways:\"Toggle
\nFormer Volkswagen engineers Michael Stamp and Marcus Plank pleaded not guilty Aug. 4 in Manhattan to conspiracy and securities fraud charges.Prosecutors said Volkswagen\u2019s $5 billion Rivian venture lifted Rivian shares 23%, enabling alleged profits of $250,000 for Stamp and $50,000 for Plank.Both men are free on $500,000 bond, and Stamp\u2019s lawyer said a trial may take place in early 2027. <\/p>\n

Two former Volkswagen AG engineers denied charges they made a combined $300,000 trading on secret information about the German carmaker\u2019s planned $5 billion joint venture<\/a> with electric-vehicle maker Rivian Automotive.<\/p>\n

The engineers, Michael Stamp and Marcus Plank, both in the U.S. on assignment from Germany, are charged with conspiracy and securities fraud. They entered not guilty pleas at a hearing in Manhattan on Aug. 4.\n \t \t\t<\/p>\n

The deal between Volkswagen and Rivian was announced June 26, 2024, causing Rivian\u2019s stock price to jump 23%. That allowed Stamp to make $250,000 while Plank cleared $50,000, according to the government. Plank is also alleged to have passed the information to a family member who made $12,000.<\/p>\n

Stamp, 31, and Plank, 45, who were both living in San Jose, Calif., face as much as 25 years in prison if convicted of the most serious counts. They\u2019re each free on $500,000 bond.\n \t\t<\/p>\n

Stamp\u2019s lawyer told the judge Aug. 4 that his client is likely to relocate to the New York area to await trial, which may take place in early 2027. Stamp is unemployed as a consequence of the charges and is living in an Airbnb, with roommates.<\/p>\n

The case is U.S. v. Stamp, 26-cr-316, U.S. District Court, Southern District of New York.<\/p>\n","protected":false},"excerpt":{"rendered":"August 4, 2026 6:00 PM, EDT (Michaela Stache\/Bloomberg) Key Takeaways: Former Volkswagen engineers Michael Stamp and Marcus Plank…\n","protected":false},"author":2,"featured_media":66854,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20947],"tags":[21733,5356,8369],"class_list":["post-66853","post","type-post","status-publish","format-standard","has-post-thumbnail","category-volkswagen","tag-rivian","tag-volkswagen","tag-vw"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/66853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=66853"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/66853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/66854"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=66853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=66853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=66853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}