Thursday, March 26, 2009

Gee, I wonder why?

Diebold's Chief Financial Officer, VP Steps Down Under SEC Investigation

CFO Kevin Krakora was largest inside trader during mass August 2007 sell-off, near historic company high, as reported exclusively by The BRAD BLOG

Diebold's bad month gets worse...

It's been a bad month for Diebold (DBD), what with the findings in CA that their voting machines drop votes and their audit logs allows deletion of records; their admission that all of their voting machines fail to record ballot deletions, and that their ATMs were hacked, likely by insiders, just to point to a few of their recent embarrassing headlines.

But things are getting still worse by the minute, it seems. This, from Cleveland's Plain Dealer today:
Diebold Inc.'s chief financial officer has stepped down in the wake of a U.S. Securities and Exchange Commission investigation into possible violations of federal securities laws.

Kevin Krakora, 53, who also stepped down as executive vice president, will remain in a nonfinancial reporting capacity until the matter is resolved, Diebold said Wednesday in a filing with the SEC.

2 comments:

Ali said...

couldn't happen to a more deserving group!

ellroon said...

Vote them off the island!