Ford O'Brien, LLP

September 2020 Archives

Ex-CEO of Hertz settles federal charges in accounting scandal

Former Hertz Chairman and CEO Mark Frissora agreed to repay the car rental company nearly $2 million in incentive-based compensation stemming from charges that he facilitated fraudulent financial statements. The charges - related to a Securities and Exchange Commission (SEC) investigation - were filed on Aug. 13 in federal court in New Jersey. Frissora agreed to a settlement without admitting guilt.

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