Diebold Mind Blower: BradBlog--Diebold, the next ENRON

http://www.bradblog.com/archives/00002126.htm
Blogged by Brad on 12/7/2005 @ 12:28pm PT...

EXCLUSIVE: POTENTIAL SECURITIES FRAUD CLASS ACTION LAWSUIT AGAINST DIEBOLD IN PROGRESS!
Documents and comments provided by Company Insiders suggest Diebold could be the next Enron as All-New Legal Troubles Mount for Voting Machine Giant...
Additional Individual, Union Owners of Diebold Stock, Mutual Funds Sought for Addition to Plaintiff Class

The BRAD BLOG has received exclusive detailed information about a developing potential class action securities litigation against Diebold, Inc. (stock symbol: DBD ). The class for the suit will involve...

The BRAD BLOG has received exclusive detailed information about a developing potential class action securities litigation against Diebold, Inc. (stock symbol: DBD). The class for the suit will involve shareholders who purchased or owned stock in the Ohio-based company any time from October 22, 2003 though September 21, 2005.

Though we are not at liberty at this time to discuss the specifics of the potential litigation and the causes of action in the complaint being compiled, The BRAD BLOG has learned that the class action lawsuit, currently being drawn up, will involve securities fraud violations and other troubling matters for the controversial company, its CEO as well as current and former members of its Board of Directors.

VelvetRevolution.us (an organization co-founded by BRAD BLOG managing editor, Brad Friedman) is seeking additional individuals and groups who may qualify as plaintiffs in the specified class. Those who owned or purchased Diebold stock, or mutual funds which carried Diebold during the period mentioned, are asked to contact LawSuit@VelvetRevolution.us where information submitted may be turned over to attorneys for possible addition to the plaintiff class.

Union groups who own or owned shares of Diebold or mutual funds which invest in the company are specifically urged to contact VR about joining the class action.

The mutual funds which are most heavily invested in Diebold are listed here. Information on "Insider Transactions" is listed here.

Diebold, Inc. is the controversial Voting Machine and ATM manufacturer who was recently compared to Enron by an anonymous company insider The BRAD BLOG dubbed "DIEB-THROAT" in a series of exclusive reports. The Internet news site, RAW STORY ran a new exclusive interview with DIEB-THROAT yesterday revealing additional details on the inner-workings of the company and potential legal issues they may face.

Shortly after our first report on DIEB-THROAT, Diebold's stock price plummeted some 15.5%. The company attributed their troubles at the time to shortfalls in the wake of Hurricane Katrina and on the same day announced the resignation of their chief operating officer (COO) and President, Eric C. Evans. Our source, DIEB-THROAT, challenged the company's response to the falling stock prices in the wake of lower than expected earnings by suggestion that "Using Hurricane Katrina is a poor excuse for bad products - the last time this kind of deception occurred it was called Enron."

OF COURSE!

They can't just steal votres, they HAVE to be involved in SEC violations.
When will we learn to FOLLOW THE MONEY?

I cannot get any more frustrated.

Commenting on the lack of a paper trail on Diebold machines, an election official explained that's about money, this is just votes. (paraphrase) The bill has come due. Where's the beef?

Could this be one of the reasons that Wall Street commentators were so perplexed that Diebold was not filling senior management positions? At the time, those reality-based among us speculated that they couldn't hire senior management, fiduciaries, because they couldn't be sure the people would stick around when they saw that Diebold was a corporate version of "The Picture of Dorian Gray."

...As ever, for helping to get the story out!

This is very bad news for Diebold. Hope others will feel free to kick and/or recommend as appropriate!

Brad

Just to lend the reorganized company ingtegrity. They'll pass all major decisions by you for the "Friedman test"--yea/nay--just listen to Brad;) Were it so!

And may the verdict be announced by next October.

just us...and they're the type of people who can pay $500 an hour for an entire team of lawyers.

Ooops, they fucked up!

I just returned after a week with no computer to this! May it be so!

So, it looks like they got greedy. In addition to getting all that business and lots of cash for making crappy machines, the executives were either:

a) Cooking the books

or

b) Accepting money from "unknown sources" and not reporting it as revenue.

Hope the judge doesn't throw this one out.

n/t

Thanks for posting. Let's hope the prosecutor is Fitzgerald's twinbrother!

Nothing about overthrowing democracy? Guess we have to start somewhere.

Nominated.

:popcorn:

These SOB'S deserve all that's coming to them and more...

Peace.

You can bet that many who have great stakes in the economy have figured out that if everybody works at WalMart, there won't be many people able to buy high end items or even middle priced items; and that Medicaid will go totally broke; and that there we'll be so screwed up for so long, there will be little chance of recovery in their life times. Those people, not big fans of America devolving into a Taliban, agrarian experiment, are know * has to go. There are multiple examples of the battles...Fitzgerald's appointment; the Abrmahof case; etc.

:kick:

The Repbulican Corruptors are everywhere, screwing America for money and fouling the election process.

Throw the bums out.

..."the Dark Heart of the NeoCon culture of corruption."

And when we get there, we'll look into the abyss and say "the horror, the horror."

Peace.:patriot: