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Hertz Global to pay $16 million fine to settle accounting case

Posted on January 1, 2019 at 7:00 PM
Hertz Global Holdings agreed to pay a $16 million fine to settle a case over accounting misstatement as reported in the noted order from the SEC. Beginning in 2012, ???Hertz???s public filings materially misstated pretax income because of accounting errors made in a number of business units, and over multiple reporting periods,??? the regulator said in its cease and desist order. The car rental company did not admit or deny the regulator???s findings but agreed to pay the fine, the order said. Read More: https://www.sec.gov/litigation/admin/2018/33-10601.pdf

Categories: Fraud