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Aflac plummets after allegations that the company cheated shareholders (AFL)

aflacFlickr/BrownZelip

  • Shares of Aflac plummeted on Friday after the company was purported to have “exploited workers, manipulated its accounting, and cheated shareholders and customers.”
  • Aflac’s shares were down 7.84% to $84.50 a share on Friday. 
  • The inquisitive news site The Intercept first pennyless the news, interviewing 9 former employees who have sued the company over the claims. 
  • Aflac expelled a matter job the allegations false. The insurer pronounced it had investigated the claims and “found them to be but merit.” It intends to file for a exclusion of the lawsuit.
  • Aflac’s batch was down 3.14% year-to-date.

Read about the SEC’s bust of a $1.2 billion Ponzi scheme that bilked comparison citizens.

Aflac batch priceMarkets Insider

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