According to the Washington Post, Nissan will pay $15 million, and former chairman Carlos Ghosn will pay $1 million to settle allegations by U.S. regulators that they hid more than $140 million of Ghosn’s retirement benefits from investors.
- How long was Ghosn CEO of Nissan?
- What punishment did the SEC impose on Ghosn? Was it for hiding retirement or something else?
- When will Ghosn stand trial and will it be civil, criminal, or both?
Court Staff. (2019). Business Digest: Nissan, Ghosn to pay fines in fraud case. The Washington Post, Sep. 23 (Retrievable online at https://www.washingtonpost.com/business/economy/business-digest-nissan-ghosn-to-pay-fines-in-fraud-case/2019/09/23/f196347a-de27-11e9-be96-6adb81821e90_story.html)