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SEC Charges CEO With Failing to Disclose Perks to Shareholders
U.S. Securities and Exchange Commission [SEC] 
May 12, 2017 "[T]he SEC's investigation found that without disclosing information to investors as required, MDC Partners paid for [the CEO's] personal use of private airplanes as well as charitable donations in his name, yacht and sports car expenses, cosmetic surgery, and a wide range of other perks ... [totaling] an additional $11.285 million in perks beyond his disclosed benefits and $500,000 annual allowances. He has since resigned and returned $11.285 million to the company." MORE >> |
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