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German Engineers Face 25-Year Sentences | San Jose News
Description
Two German engineers, Michael Stamp and Marcus Plank, face serious federal charges—including conspiracy and securities fraud—after allegedly profiting from insider knowledge of a major Volkswagen-Rivian deal that sent Rivian’s stock soaring 23%. Stamp reportedly made $250K, Plank $50K, and Plank is also accused of leaking info to a family member who earned $12K. Both, living in San Jose, pleaded not guilty and are out on $500K bail; Stamp, now unemployed, is staying with roommates in an Airbnb while preparing for trial, possibly as late as early 2027. If convicted, they could each face up to 25 years in prison.
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