View Single Post
      09-24-2020, 06:47 PM   #2
mkoesel
Moderator
United_States
7512
Rep
19,370
Posts

 
Drives: No BMW for now
Join Date: Jun 2006
Location: Canton, MI

iTrader: (1)

Quote:
Originally Posted by GrussGott View Post
The violating companies BMW AG, BMW NA and BMW US Capital agreed to pay a joint penalty of $18M.

...

• With inflated numbers, the company raised approximately $18B from investors in several corporate bond offerings.
So then, in conclusion, the penalty for cheating is approximately 1/1000th of the resulting income. Got it.