Two Volkswagen engineers are facing federal charges for allegedly profiting from insider trading by buying Rivian stock before a major joint venture was made public — a secret deal codenamed “Project Climb” that could reshape the EV landscape. Prosecutors say the duo made over $300,000 using confidential info, with Volkswagen investing $5 billion to become Rivian’s largest shareholder. Authorities warn this undermines market fairness and investor trust, and both men — who reportedly researched insider trading laws before the announcement — now face up to 25 years in prison if convicted.
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