Nissan, Carlos Ghosn Settle SEC Fraud Charges For $16 Million

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Nissan, Carlos Ghosn Settle SEC Fraud Charges For $16 Million
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Ghosn still faces trial in Japan.

Nissan is on the hook for $15 million of the settlement, while Ghosn will pay $1 million.that Nissan and former CEO Carlos Ghosn will pay $16 million to settle charges of false financial reporting, claiming Ghosn “engaged in a scheme to conceal more than $90 million of compensation from public disclosure, while also taking steps to increase [his] retirement allowance by more than $50 million.”

Nissan is on the hook for $15 million of the settlement, while Ghosn will pay $1 million. Kelly will pay $100,000.

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