|
Registered
Join Date: Mar 2004
Location: Michigan
Posts: 54,051
|
Resignation of Diebold CEO Wally O'Dell
The guys who cheated to win Bush the election are going down, one at a time.
Diebold Inc. in a Tailspin After Resignation of CEO and Filing of a Class Action Fraud Lawsuit , Says VelvetRevolution.us
http://news.yahoo.com/s/usnw/20051214/pl_usnw/diebold_inc__in_a_tailspin_after_resignation_of_ce o_and_filing_of_a_class_action_fraud_lawsuit___say s_velvetrevolution_us202_xm
Quote:
Wed Dec 14,11:32 AM ET
To: National Desk
Contact: Ilene Proctor PR, 310-271-5857
WASHINGTON, Dec. 14 /U.S. Newswire/ -- VelvetRevolution.us, a coalition of more than 130 progressive organizations dedicated to transparent elections, reported today that its efforts to hold Diebold Inc. accountable for improper and unethical conduct is getting traction. On Monday, longtime Diebold CEO Walden O'Dell resigned effective immediately after an acrimonious board meeting. On Tuesday, a massive class action lawsuit was filed in United States District Court in Ohio against the firm and eight current and former executives for securities fraud, concealment, and insider trading.
Diebold's stock has fallen more than 30 percent this year after well publicized troubles with the company's voting machines and revelations by insiders that the company has severe structural problems. One of those insiders, 'Dieb-Throat,' has compared Diebold to Enron, and he fully expects it to collapse under the weight of all the coming investigations and problems. In fact, he believes that the new CEO, Thomas Swidarski, will not last long because he is one of the officials in the lawsuit who allegedly engaged in insider trading.
Is an SEC investigation next? According to Dieb-Throat, the Diebold executives are very concerned that the next problem they will face is a criminal investigation by the
Department of Justice and SEC. "It won't be long before someone at the top starts cooperating with a DOJ prosecutor and then all hell will break loose," he said. "That is when the full extent of Diebold's illegal conduct will become transparent, and it will be very ugly."
http://www.usnewswire.com/
|
Note: All kinds of investigations about fraud (and in general dirt) regarding DieBold can be found here:
http://blackboxvoting.org/
__________________
1977 911S Targa 2.7L (CIS) Silver/Black
2012 Infiniti G37X Coupe (AWD) 3.7L Black on Black
1989 modified Scat II HP Hovercraft
George, Architect
|
12-16-2005, 09:56 AM
|
|