Diebold and former execs hit with fraud case

The Securities and Exchange Commission issued a press release yesterday in a matter involving voting machine manufacturer Diebold and some former company executives.

“Diebold’s financial executives borrowed from many different chapters of the deceptive accounting playbook to fraudulently boost the company’s bottom line,” said Robert Khuzami, Director of the SEC’s Division of Enforcement. “When executives disregard their professional obligations to investors, both they and their companies face significant legal consequences.”

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