Diebold CEO, Under Fire, Resigns

Wally O'Dell, according to the Raw Story, Business Week, and other sources, has resigned under pressure. Moreover, Bradblog reports a securities fraud class action suit filed against Diebold today in Ohio, alleging "Fraud, Insider Trading, Manipulation of Stock Prices, Concealment of Known Flaws in Voting Machines and Company Structural Problems." Not a good day for Diebold...

One hopes this is only the beginning of a process that will result in several current and former Diebold officers being found guilty and penalized for their criminal activities.