WASHINGTON (AP) — Nissan has agreed to pay $15 million and its former chairman Carlos Ghosn is paying $1 million to settle federal regulators’ civil fraud charges of hiding from investors more than $140 million in compensation and retirement benefits for Ghosn.
The Securities and Exchange Commission announced the settlement Sept. 23 with the major Japanese automaker and its former chairman, who also agreed to be barred for 10 years from serving as an officer or director of a public company. Ghosn, 65, is awaiting trial in Japan on financial misconduct allegations in a criminal case.
