DOJ Charges VW Engineers — Not Executives — in Rivian Insider Trading Case

SDNY unsealed securities fraud charges on July 24, 2026 against Volkswagen engineers Michael Stamp and Marcus Plank for trading Rivian stock on confidential details of the VW-Rivian joint venture, codenamed "Project Climb." SDNY insider trading cases typically target executives, bankers, or legal advisors — not engineers. The two face up to 25 years in prison.