Oracle employee claims company wasn't accounting properly

The whistleblower has now been sacked after saying it falsified cloud figures and faces legal action

An Oracle employee who claimed the company was falsifying accounts to make its cloud business look better has been sacked and now faces legal action against her lodged by the company.

Svetlana Blackburn said upper management were trying to force her to change the numbers to make its performance specifically related to Oracle's cloud services operation look better than it was.

She said she was expected to add millions of dollars of extra revenues for their expected business "with no concrete or foreseeable billing to support the numbers," while she claimed other executives decided to take matters into their own hands, adding falsified accruals to the accounts.

Following the claims, Blackburn was sacked by Oracle, despite her receiving a positive performance review just two months before. However, Oracle has claimed she was generating incorrect reports herself to impress her superiors, rather than doing it in response to pressure from the management.

Now Blackburn is trying to sue Oracle for unfair dismissal, while also saying the company violated the anti-retaliation provisions of the federal Sarbanes-Oxley corporate governance and Dodd-Frank financial reform laws. She's demanding the company pays her punitive damages, double back pay, and other remunerations.

However, Oracle is telling a different side of the story and intend to sue her in response.

"We are confident that all our cloud accounting is proper and correct," Deborah Hellinger, Head of Global Corporate Communications at Oracle told IT Pro.

"This former employee worked at Oracle for less than a year and did not work in the accounting group. She was terminated for poor performance and we intend to sue her for malicious prosecution." 

Featured Resources

The complete guide to changing your phone system provider

Optimise your phone system for better business results

Download now

Simplify cluster security at scale

Centralised secrets management across hybrid, multi-cloud environments

Download now

The endpoint as a key element of your security infrastructure

Threats to endpoints in a world of remote working

Download now

2021 state of IT asset management report

The role of IT asset management for maximising technology investments

Download now

Recommended

US judge allows TikTok downloads to continue, for now
Acquisition

US judge allows TikTok downloads to continue, for now

28 Sep 2020
Oracle will take a 12.5% stake of TikTok Global
mergers and acquisitions

Oracle will take a 12.5% stake of TikTok Global

21 Sep 2020
Oracle and TikTok deal close, but ByteDance wants majority ownership
mergers and acquisitions

Oracle and TikTok deal close, but ByteDance wants majority ownership

16 Sep 2020
Oracle confirms bid to become TikTok's "trusted tech partner"
Business strategy

Oracle confirms bid to become TikTok's "trusted tech partner"

14 Sep 2020

Most Popular

How Liberty navigated a site relaunch during a pandemic
Sponsored

How Liberty navigated a site relaunch during a pandemic

8 Oct 2020
Do smart devices make us less intelligent?
artificial intelligence (AI)

Do smart devices make us less intelligent?

19 Oct 2020
Politicians need to stop talking about technology
Policy & legislation

Politicians need to stop talking about technology

21 Oct 2020