Suspecting Volkswagen govt would possibly fly the coop if launched on bond whereas awaiting trial, a U.S. District Courtroom choose slammed the cell door shut till early subsequent yr.
Oliver Schmidt, who was arrested early this yr throughout a stopover in Miami, is at the moment cooling his heels in a Detroit jail after being slapped with conspiracy and fraud costs regarding the diesel emissions scandal. With a possible jail sentence of 169 years looming over his head, even $1.6 million ponied up by household and mates wasn’t sufficient to safe his launch.
Have been Schmidt to seek out his approach again house to Germany, a possible sentence handed down by a German courtroom wouldn’t prime 10 years. As such, Choose Sean Cox deemed the German nationwide a excessive flight danger.
“I do recognize the scenario Mr. Schmidt finds himself in. However it is a very, very severe case. The allegations of fraud and conspiracy on this case are very, very severe,” Cox stated after yesterday’s bond listening to. He added that the courtroom felt there was “no situation or mixture of circumstances” that may assure Schmidt confirmed up for trial.
Schmidt served as Volkswagen’s prime emissions compliance govt in Auburn Hills, Michigan, from 2012 till simply earlier than the scandal went public. He returned house to Germany in early 2015. That’s the place he’d be now had it not been for a dangerous winter trip to Cuba.
5 different former or present VW executives have been indicted for his or her alleged involvement in a decade-long conspiracy to defraud U.S. diesel consumers and idiot the Environmental Safety Company, in addition to different regulators. In contrast to Schmidt, nevertheless, these gamers stay in safely in Germany, outdoors of the attain of U.S. authorities.
Thursday introduced greater than only one piece of dangerous information for Schmidt. Not solely does he have to remain within the slammer till his trial, however that trial received’t occur anytime quickly. Initially scheduled for subsequent month, the trial has now been postponed to January of subsequent yr.
[Source: Automotive News]