You are correct about the resignation. However, the only sources I can find about securities fraud are from sites like Democratic Underground.
Your post is misleading, unless you have access to a source that shows the SEC is investigating Diebold. Do you have one?
On resignation: O'Dell Resignation
If indeed, the SEC is looking at something odd with respect to securities fraud, this would be a major black eye.
Why is it that so many FReepers seem to spend a lot of time at DU? I've never been there, but from the descriptions here it sounds like the worst aspects of FR except from the other side of the political fence. Can't imagine wasting my time with that.
I read this on a legal site. I'll try to find it again - it didn't say anything about SEC involvement, but did say a massive securities fraud lawsuit was about to be filed against the company. The article didn't say, but I presume it is a shareholder suit.