Wednesday, June 2, 2010

Your Diebold ATM Receipt Said "Withdrawal" Instead of "Deposit"?

A bank ATM I occasionally use recently switched from Diebold to a competitor. After thinking for a few minutes, I recalled that Diebold manufactured ATMs and voting machines. The Ohio-based firm played a controversial role in the 2004 Bush-Kerry vote in the Buckeye State.

While many have forgotten Diebold's moment in history, the Obama administration has not. Today, a number of Diebold executives settled with the SEC in a case involving accounting fraud. (Some other of Diebold's "smartest people in the room" continue to contest the SEC charges.)

The Diebold execs' scheme provides plenty of unintended irony. Read the linked Washington Post story for more details.

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