FCA US LLC, Fiat Chrysler Automobiles N.V.

Financial Fraud

SANCTION AMOUNT: $40000000

Defendants: FCA US LLC, Fiat Chrysler Automobiles N.V.

FC US and its parent company agreed to settle SEC findings that they misled investors about the number of new vehicles sold in the United States in monthly press releases between 2012 and 2016. FC US allegedly paid dealers to report fake vehicle sales and maintained a database of actual but unreported sales, referred to as a “cookie jar,” which would be utilized as needed to boost sales.

Key Docs
Official SEC press release

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