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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 |
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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