Former Porsche CFO Fined $820,000

Haerter goes to court Porsche's former high-flying finance chief Holger Härter was been fined 630,000 euros ($820,000) for misleading French bank BNP Paribas in loan negotiations in early 2009. This despite testimonies by bank representatives who said BNP did not feel misled. A criminal court in Stuttgart, Germany, on Tuesday sentenced Härter "for making incomplete and wrong statements about the value of VW share derivatives held by Porsche at the time," Reuters says. from The Truth About Cars http://www.thetruthaboutcars.com

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