AuditPundit

SEC Charges AOL Execs With Securities Fraud

Posted on 07. Jul, 2008 by admin.

On May 19, 2008, the Securities and Exchange Commission filed civil fraud charges against eight former executives of AOL Time Warner Inc. for their roles in a fraudulent scheme that caused the company to overstate its advertising revenue by more than $1 billion.
The SEC filed charges in District Court that John Michael Kelly, former Chief [...]

Popularity: 95% [?]

Continue Reading