Kevin Plank.
American entrepreneur and philanthropist
Volkswagen Engineers Charged in Rivian Insider Trading
The U.S. Department of Justice has charged two Volkswagen engineers, Michael Stamp and Marcus Plank, with securities fraud for insider trading tied to Volkswagen and Rivian’s joint venture, alleging they profited over $300,000 by buying Rivian stock and options on information about the project codenamed “Project Climb” before public announcement. Investigations note that Stamp and Plank sought illicit advantage despite knowing it was illegal, with Stamp researching insider-trading statutes days before the deal and a relative of Plank inquiring about punishment, as prosecutors underscore that such actions undermine fair markets and investor trust amid Rivian’s 23% stock rise following the announcement and Volkswagen’s investment plans moving up to $5.8 billion.
Business · 7 sources · Jul 24, 2026Read itThe journal
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About Kevin Plank
Kevin Audette Plank is an American billionaire businessman and philanthropist. Plank is the founder and executive chairman of Under Armour, a manufacturer of sportswear, footwear and accessories, based in Baltimore, Maryland. He was CEO from its founding in 1996 until 2020 and returned as CEO in April 2024. As of April 2026, his net worth was estimated at US$1.1 billion.
Everything about Kevin Plank →- Occupation
- American football player, entrepreneur, businessperson, philanthropist
- Position held
- chief executive officer, chairperson of the executive board, president, president
- Citizenship
- United States
- Born
- August 13, 1972