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Feds fine Diebold $50 million for bribing foreign officials
Other headlines: Medina schools audit leaves big money decision to DOE and IRS; Akron Beacon Journal names new publisher
by WKSU's JEFF ST. CLAIR


Reporter / Host
Jeff St. Clair
 
  • Feds fine Diebold $50 million for bribing foreign officials
  • Medina schools audit leaves big money decision to DOE and IRS
  • Akron Beacon Journal names new publisher
  • Feds fine Diebold $50 million for bribing foreign officials
    A Northeast Ohio manufacturer has been slapped with nearly $50 million in federal fines.

    Canton-based Diebold has agreed to pay a $25 million penalty to settle allegations that the company bribed foreign officials and falsified records in order to secure lucrative ATM contracts in China, Russia, and Indonesia. 

    The report released today claims that Diebold paid $1.75 million in cash and gifts to Chinese and Indonesian bankers between 2005 and 2010, and during the same period entered into false contracts with a distributor in Russia to bribe officials there. 

    In a separate settlement, Diebold has agreed to pay the Securities and Exchange Commission nearly $23 million in fines. 

    Department of Justice officials say Diebold has cooperated with the investigation. The deal frees Diebold of the threat of prosecution, but the company has agreed to three years’ probation and 18 months of federal monitoring.

     
    State audit of Medina school chief leaves big money decision to DOE and IRS
    The state auditor says an embattled school superintendent in northeast Ohio must repay about $4,000 for questionable expenses including gift cards and travel upgrades.

    The findings announced Tuesday against Randolph Stepp left unresolved the issue of $172,011 paid by Medina schools for his college loans. That matter is pending before the U.S. Department of Education.

    Stepp, who was put on paid leave, has sued the board for defamation. The district has challenged that claim.


    Akron Beacon Journal names new publisher
    The Akron Beacon Journal has named a Seattle news executive as its publisher.

    The newspaper said Monday that Mark Cohen will become publisher Nov. 18.

    The 57-year-old Cohen is a Cincinnati native who is chief operating officer and vice president of operations of the Seattle-based Pioneer Newspaper Group.

    Cohen started his career as a sales executive with The Cincinnati Enquirer. He has worked for Thomson Newspapers, was advertising and marketing director of the Florida Times-Union in Jacksonville, and was vice president of advertising for more than 100 weeklies and six dailies in the Boston market for GateHouse Media.

    He succeeds Andrea Mathewson, who retired.

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