The Counter-deception Blog
Examples of deceptions and descriptions of techniques to detect them. This Blog encourages the awareness of deception in daily life and discussion of practical means to spot probable deceptions. Send your examples of deception and counter-deception to colonel_stech@yahoo.com.Saturday, December 18, 2004
AOL Fraud Fines--> $.5 Billion
US to charge AOL with fraud
From correspondents in Washington16dec04
© The Australian
MEDIA giant Time Warner Inc will pay fines of $US210 million ($277.81 million) under an agreement with the US government to be announced today to settle charges that its America Online unit inflated revenue, a Justice Department official said.Time Warner is also expected to pay about $US300 million ($396.88 million) more to settle charges with the Securities and Exchange Commission related to its buyout of a stake held by Germany's Bertelsmann AGin AOL Europe, a source familiar with the matter said.
Time Warner in the third quarter took a reserve of $US500 million ($661.46 million) to cover expected legal costs related to government probes into AOL's accounting practices.
From correspondents in Washington16dec04
© The Australian
MEDIA giant Time Warner Inc will pay fines of $US210 million ($277.81 million) under an agreement with the US government to be announced today to settle charges that its America Online unit inflated revenue, a Justice Department official said.Time Warner is also expected to pay about $US300 million ($396.88 million) more to settle charges with the Securities and Exchange Commission related to its buyout of a stake held by Germany's Bertelsmann AGin AOL Europe, a source familiar with the matter said.
Time Warner in the third quarter took a reserve of $US500 million ($661.46 million) to cover expected legal costs related to government probes into AOL's accounting practices.
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