Nissan and Ghosn Fraud

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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.

Questions:

  1. How long was Ghosn CEO of Nissan?
  2. What punishment did the SEC impose on Ghosn? Was it for hiding retirement or something else?
  3. When will Ghosn stand trial and will it be civil, criminal, or both?

Source:

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)