sec whistleblower attorneys
August 14, 2020
Mark P. Frissora
Financial Fraud
SANCTION AMOUNT: $2182654
Defendants: Mark P. Frissora
Defendant, former CEO and Chairman of rental car company Hertz, agreed to settle charges that he aided and abetted the company in its filing of inaccurate financial statements and disclosures in 2013. The inaccuracies allegedly resulted from defendant’s instructions to re-analyze reserve accounts and to keep older cars in the company’s fleet to lower depreciation expenses. Hertz subsequently filed a $235 million re-statement of the relevant financials.
- Key Docs
- Official SEC press release