May 11, 2017
Miles S. Nadal
Financial Fraud
SANCTION AMOUNT: $5,500,000
Defendants: Miles S. Nadal
Respondent was the former CEO of MDC Partners, a New York-based marketing company. He allegedly participated in causing the company to fail to disclose personal benefits paid on his behalf, above and beyond an annual $500,000 perquisite allowance. Such benefits included private aircraft usage, club memberships, cosmetic surgery, yacht and sports car expenses, jewelry, charitable donations, pet care, and personal travel expenses.
- Key Docs
- Official SEC press release