Disney are now under fire, and have had a fall in stock after an senior ex-accountant has claimed the company have been inflating profits in order to make their earnings seem greater than they actually are to investors and the public. She claims the company have added addition billions of dollars of fake revenue to reports over the past 10+ years.
After trying to report the issue in the past, Disney allegedly ignored her. She later went to the SEC to help when she was fired from her senior position not a month later having worked for Disney for 18 years. She also claims the company would list high-tax purchases such as hotel rooms as lower-tax purchases, essentially a way of tax evasion.
Disney have responded in the expected way by calling the ex-employee a liar, however it’s believe SEC are going to look into the issue - possibly hinting that her claims aren’t “utterly baseless” as Disney says.SOURCE
This is really not good and if true could have serious consequences. The sad thing is I wouldn’t put either of these incidents past the company.