Why did Volkswagen Risk so much for a small sliver of U.S. market?
Fraud, like any business strategy, is a game of risk and reward.
The potential payoffs may seem so great that they justify the potential consequences. Accounting fraud at Enron and Worldcom, for example, added billions of dollars to the companies’ market value and enriched a whole lot of people before the schemes fell apart.
But then there’s Volkswagen. The German automaker recently admitted that it installed software in 500,000 cars in the United States, powered by “clean diesel” engines, that automatically lowered emissions whenever regulators tested the vehicles.
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