The owners and leaseholders of some 500,000 Volkswagen and
Audi vehicles across the country will soon be receiving their share of the
settlement in the most expensive consumer-fraud case in U.S. history.
State
governments also will receive large settlement checks from the $15 billion payout by the
German automaker for its fraudulent “Clean Diesel” advertising campaign.
Here is the breakdown of the payout to Rhode Island and
local Volkswagen\Audi owners duped by the emission-rigging scandal.
$13.5 million goes into a state trust that will be
spent on environmental projects. A court-appointed trustee will oversee the
trust’s payments. The structure and objective of the trust is the same as the
$4.6 million payment Rhode Island received in a 2007 settlement with American
Electric Power (AEP). The power company paid $75 million to eight states for
violating clean-air standards from AEP’s 16 coal-fired power plants.