A Disney whistleblower is accusing the company of overstating its revenue by billions

A former senior accountant at Disney has accused the entertainment titan of overstating its revenues by billions of dollars. Sandra Kuba alleged Disney employees recorded non-existent sales from giveaways and artificially inflated revenue from gift cards. She claimed the company's revenue could have been overstated by as much as $6 billion, or 20%, in 2009 alone. Disney has dismissed Kuba's claims as"utterly without merit." Watch Disney trade live.

A former senior accountant at Disney has accused the entertainment titan of overstating its revenues by billions of dollars. Sandra Kuba alleged Disney employees recorded non-existent sales from giveaways and artificially inflated revenue from gift cards. She claimed the company's revenue could have been overstated by as much as $6 billion, or 20%, in 2009 alone. Disney has dismissed Kuba's claims as"utterly without merit." Watch Disney trade live.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Disney whistleblower told SEC the company inflated revenue for yearsA then–Walt Disney Co. accountant filed multiple whistleblower tips with the Securities and Exchange Commission alleging the company materially overstated... Yikes 😯 shares crash shareholders sell there shares and the company buys them all up , then the shares rise back up again after some made up nonsense explanation or sacking off some rouge employee, i see a trend happening GE now Disney lol Mickey and tRump have a lot in common
La source: MarketWatch - 🏆 3. / 97 Lire la suite »