Thread by @blmohr

1/ @RonWyden
Oct. 22, 2013
SEC v. Diebold

"From 2005 through 2010, Diebold...lavished international leisure trips, entertainment & other improper gifts on foreign officials to obtain & retain lucrative business w/ govt. owned banks in China & Indonesia."
sec.gov/litigation/com…

2/ "During that same period, Diebold, through its Russian subsidiary, paid bribes in connection with the sale of ATMs to private banks in Russia. In all, Diebold made approximately $3 million in illicit payments in China, Russia, and Indonesia.

3/ "From 2005-2010, through its subsidiary Diebold Financial Equipment Company (China), ("Diebold China"), Diebold provided international leisure trips and entertainment to officials of government owned banks in China."

4/ "From 2005-2008, thru "Diebold Russia", Diebold paid bribes on the sale ofATMs to private banks in Russia. These bribes, which totaled approximately $1.2M, were funneled thru a Diebold distributor in Russia."

5/ "Diebold Russia executed phony service contracts with its distributor to hide and falsely record the payments as legitimate business expenses."