SEC
Whistleblower
Attorneys

September 24, 2020

BMW AG, BMW of North America LLC, BMW US Capital LLC

Financial Fraud

SANCTION AMOUNT: $18000000

Defendants: BMW AG, BMW of North America LLC, BMW US Capital LLC

German auto-maker and two subsidiaries, including its primary North American operating/sales entity and its U.S. financing arm, settled charges of inaccurate and misleading disclosures to credit rating agencies and corporate bond investors. Among other things, the SEC found that the operating subsidiary maintained a “bank” of unreported retail vehicle sales that it used to meet targets without regard to when the underlying sales occurred.

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