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Though it remains unclear exactly which of MDC Partners CEO Miles Nadal's personal expenses are being probed by the SEC, a recent corporate statement sheds some light on his company-subsidized lifestyle.
In October, the SEC requested information about MDC reimbursements for Nadal's medical expenses, travel and commuting costs, along with charitable and other unspecified expenses, all of which reportedly "lacked appropriate substantiation over the six-year period from 2009 to 2014."
According to the holding company's 2015 proxy statement, a document required by the SEC to keep investors informed of financial details, Nadal received $926,005 in company-paid expenses last year to help support his Bahamas-based lifestyle.
Of that, $500,000 was for unspecified perks.
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