Disney has inflated its revenue by billions

A Walt Disney Company accountant, who claims the company overvalued his income for years, went to the Security and Trade Commission to denounce, according to a report by MarketWatch. Sandra Kuba – who has worked for the company for 18 years in their revenue department – said those in parks and resorts were overvaluing their revenues by billions. She stated that employees would achieve this by taking advantage of Disney's accounting software weaknesses, by recording false revenue or overestimating actual amounts. Kuba estimated that the company's annual revenue for 2008-2009 could be overestimated up to $ 6 billion. She said that she went to the SEC in 2017 after trying to do it internally. She was fired about a month after approaching the federal government.

Kuba said on the website that she had spoken to and met the SEC many times, including a discussion as recently as last week. A Disney spokeswoman said Kuba's claims had been reviewed by the company and were "absolutely baseless". The SEC declined to comment.