One of the world's largest ATM manufacturers and, formerly, one of the largest manufacturers of electronic voting systems, has been indicted by federal prosecutors for bribery and falsification of documents.

The charges represent only the latest in a long series of criminal and/or unethical misconduct by Diebold, Inc. and their executives over the past decade.

According to Cleveland's Plain Dealer, a U.S. Attorney says the latest charges are in response to "a worldwide pattern of criminal conduct" by the company....

Federal prosecutors Tuesday filed charges against Diebold Inc., accusing the North Canton-based ATM and business machine manufacturer of bribing government officials and falsifying documents in China, Indonesia and Russia to obtain and retain contracts to provide ATMs to banks in those countries.

The two-count criminal information and deferred prosecution agreement calls for Diebold to pay nearly $50 million in penalties: $23 million to the U.S. Securities and Exchange Commission, and $25 million to the Department of Justice.

The agreement with federal prosecutors also calls for the implementation of rigorous internal controls that includes a compliance monitor for at least 18 months. The government agreed to defer criminal prosecution for three years, and drop the charges if Diebold abides by the terms of the agreement.

Despite at least $1.75 million in bribes said to have been paid the company around the globe, nobody will go to jail for what U.S. Attorney Steven Dettelbach describes as their "worldwide pattern of criminal conduct," because they are a corporation -- and you are not.

- Advertisement -

The $50 million the company has agreed to pay is a mere fraction of the firm's $3billion in annual revenues. That, even though Diebold is a repeat offender -- which may be describing it mildly...

In 2010 the company settled an SEC fraud suit for $25 million. They also admitted in 2008 that they had overstated 2007 election division revenue by some 300% in hopes of manipulating stock prices.

As earlier as 2004, thanks to documents leaked by a whistleblower, it was discovered that Diebold had illegally used uncertified certified hardware and software in California election systems and planned to lie about it to state investigators. The e-voting systems, repeatedly found over the years to be easily hacked, were decertified for use by the state at the time (though they are still used widely around much of the country today.)

- Advertisement -