Diebold: Revenue way down. $25,000,000 settlement proposed

The New York Times reports the story <read>

Results included a $25 million charge for a deal Diebold reached with the Securities and Exchange Commission to settle civil charges related to a pending enforcement inquiry. The proposed settlement still needs final SEC approval.

Diebold spun off its election system business after a failed attempt to sell it.  The settlement is related to accounting tricks presumably intended to puff up voting system results to produce a sale.


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