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Aflac shares sink as firm denies worker exploitation, faulty accounting

“Aflac shares sank in trading on Friday amid multiple reports that it is being sued for allegedly exploiting workers and engaging in fraudulent accounting practices” writes Thomas Barrabi for foxbusiness.com. The insurance firm stands accused of various offenses, such as misleading employees about potential compensation, misclassifying employees as independent contractors, wage theft and doctoring earnings reports.The insurance firm also stands accused of pressuring employees to sell policies to their friends and relatives, as well as using illegal tactics such as policy “bundles” to meet sales goals.The firm recently joined other companies in rewarding employees due to the passage of a GOP-backed tax reform plan.
 
Source: foxbusiness.com



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