Diebold pays $25 million to settle SEC fraud case

Diebold-SEC Fraud Settlement Reached: Former Voting Machine Maker To Pay $25 Million
MARCY GORDON | 06/ 2/10 09:24 PM |

WASHINGTON – The Securities and Exchange Commission is pursuing fraud charges against three former executives of ATM maker Diebold Inc. after reaching a $25 million settlement with the company on Wednesday.

The SEC filed civil charges against former Diebold executives Gregory Geswein, Kevin Krakora and Sandra Miller, alleging they manipulated the company’s books to meet earnings forecasts from 2002 through 2007. Geswein was a chief financial officer, Krakora was a controller and finance chief, and Miller was director of corporate accounting.

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