US regulator charges Nissan, Ghosn with hiding $140M from investors

📆 9/23/2019 10:15 PM
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US securities regulators charge Nissan and its ex-CEO Carlos Ghosn with hiding more than $140 million in Ghosn's expected retirement income from investors

Carlos Ghosn has been fined $1 million and barred from serving as a corporate executive for 10 years. April 25, 2019

Nissan will pay a $15 million fine. The SEC also charged former board member Greg Kelly with aiding in the fraud. "Investors are entitled to know how, and how much, a company compensates its top executives," said Stephanie Avakian, co-director of the SEC's Division of Enforcement. "Ghosn and Kelly went to great lengths to conceal this information from investors and the market."Ghosn, who was fired from Nissan in November 2018, settled without admitting or denying the SEC's charges, as did Nissan and Kelly.

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