Ex-Disney analyst accuses corporation of poor accounting in federal lawsuit

A former Walt Disney Co. accountant is suing the company, accusing Disney of firing her immediately after she attempted to increase red flags about shoddy accounting tactics, she said in a new federal lawsuit.


Ex-senior monetary analyst Sandra Kuba filed her lawsuit Tuesday towards Burbank, Calif.-centered Disney Money Products and services that seeks unspecified damages, together with back again pay back and attorney’s expenses.

An Orange County resident, she experienced worked for Disney because 1999 in Florida and rose in the ranks with a advertising to senior money analyst in 2013.

“On a number of situations through her profession, (Kuba) described her worries about Disney’s policies, procedures, and treatments that she genuinely and moderately thought have been unethical, poor or unlawful to Disney’s administration,” she stated in her lawsuit. “Each time, (Kuba) experienced from harassment, hostility and retaliation as a consequence.”

The Walt Disney Co. referred to as the lawsuit “meritless” and said it prepared to combat the lawsuit in court docket.

Kuba’s legal professional responded to a ask for for comment Wednesday.

The lawsuit said Kuba thought Disney was manipulating its books. Kuba claimed she noticed revenue claimed a number of situations for the similar transaction and “nonsense entries that camouflaged the altered transactions movement made by Economical Systems.”

The section that operates Disney’s inner regulate and fraud investigation extra a lot more “guest inconvenience advertising demand codes” as a substitute of auditing the figures,“ which resulted in recorded income that did not exist and required to be reversed,” Kuba claimed in the lawsuit.

Kuba elevated issues with her supervisors, who did not resolve the troubles, she stated.

“Plaintiff’s instant supervisors refused to make any changes to make devices report cash stream correctly and remit the ideal sum of profits tax dependent on exact reports of revenues,” her lawsuit mentioned.

Kuba mentioned she was disregarded so she emailed then Walt Disney World Resort President George Kalogridis in June 2017. Her concept voiced her problems about Disney’s deficiency of internal controls, “manipulation of information/fraud within Profits Operations,” and that too many persons experienced accessibility to the codes that manage the accounting process and other problems, her lawsuit stated.

The subsequent working day right after she sent the e mail, Disney’s Staff Relations “threatened her not to report her considerations about the company’s procedures in other places or Disney would look at it ‘retaliation against the company,’” her lawsuit claimed.

Kuba submitted an SEC whistleblower grievance in August 2017, although she was out on professional medical leave. The U.S. Securities and Trade Commission declined to remark Wednesday when the Orlando Sentinel asked about the end result of Kuba’s criticism.

Kuba was fired when she returned again to function the following month. She filed a Human Means retaliation complaint with the firm, she explained.

“Disney terminated (Kuba’s) work as a direct result of each her inner complaints and her SEC whistleblower grievance,” Kuba’s lawsuit stated.

“Throughout her work at Disney, (Kuba) labored very difficult and persistently received optimistic performance critiques,” her lawsuit explained.


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