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GM General Motors Company

44.86
0.19 (0.43%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
General Motors Company NYSE:GM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.19 0.43% 44.86 45.545 44.505 45.03 10,046,012 01:00:00

Feds Charge Former UAW Vice President Ashton With Fraud, Money Laundering

06/11/2019 4:28pm

Dow Jones News


General Motors (NYSE:GM)
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By Nora Naughton 

Federal prosecutors charged former United Auto Workers vice president and ex- General Motors Co. board member Joe Ashton with fraud and money laundering, according to court documents filed Wednesday, the latest in a yearslong criminal investigation into corruption in the union's top ranks.

Mr. Ashton, who retired from the UAW in 2014 and left the GM board in 2017, is accused of helping to orchestrate a scheme to personally enrich himself and other UAW officials by steering contracts to vendors in exchange for bribes and kickbacks, prosecutors alleged.

GM and the UAW declined to immediately comment on the charges. Mr. Ashton's attorney, Jerome A. Ballarotto of New Jersey, didn't immediately return a phone message requesting comment.

 

(END) Dow Jones Newswires

November 06, 2019 11:13 ET (16:13 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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