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.

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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
Source: MarketWatch - 🏆 3. / 97 Read more »