Microsoft, Yahoo, Google to pay $31.5 million for illegal gambling ads
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Internet companies say they stopped taking money for ads touting illegal gambling years ago but agree to pay to settle federal allegations.
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Microsoft, Yahoo and Google agreed to pay a total of 31.5 million dollars to settle a government probe into their role in promoting online gambling dating back to 1997, officials said Wednesday.
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SAN FRANCISCO - The federal crackdown on online gambling has tied up the funds of thousands of U.S. patrons of two of the largest services. The crackdown on BetOnSports, which no longer takes sports wagers from the USA, and Neteller - an Internet payment service popular among gamblers - is intended to put a dent in the $10.6 billion industry.
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Online payment processor PayPal said it would fine customers as much as &#36;500 if they violate the company's policies against using the service for gambling, pornography or selling prescription drugs without official certification.
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A JUDGE IS ordering Microsoft to pay $112.5 million to attorneys who successfully sued the software maker for monopolizing a segment of California&#39;s market.
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scubacuda writes &quot;Yahoo! reports that PayPal is taking an aggressive stance against gambling, adult, and non-prescription drug sites: anyone caught using PayPal for these purposes will be charged $500.
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Viacom Inc said on Wednesday it has selected Microsoft Corp. as its Internet advertising partner in a five-year agreement initially valued at an estimated $500 million that involves online games, shows and movies.
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The operator of a gambling news site on the Internet has asked a federal judge to declare that advertisements in U.S. media for foreign online casinos and sports betting outlets are protected by free-speech rights.
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Regulation of online betting on the cards
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The operators of a Spanish-based Web site that sold music downloads have agreed to pay &#36;10.5 million to settle a copyright infringement lawsuit brought by several recording companies.
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The United States has reached a deal  with the European Union, Japan and Canada to keep its Internet  gambling market closed to foreign companies, but is continuing  talks with India, Antigua and Barbuda, Macau and Costa Rica,  U.S. trade officials said on Monday.
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Time Warner has agreed to pay $210 million to settle securities fraud charges involving advertising deals between America Online and smaller Internet companies.
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The operators of movieland.com, moviepass.tv and popcorn.net agree to fork over more than $500,000 in consumer payback after accusations that the sites deceived users.
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Four people have been sentenced to jail time and tens of millions of dollars in fines for buying discounted Microsoft software and then illegally reselling it at a profit.Mirza Ali, 60, and Sameena Ali, 53, the husband-and-wife owners of Samtech Research, were sentenced Wednesday to five years in prison and ordered to pay more than $25 million in fines to Microsoft for their role in a software reselling scheme run between 1997 and 2001.The Alis and their associates purchased more than $29 million worth of software at Microsoft&#39;s academic-discount rates and then resold it to nonacademic entities, making more than $5 million in profits. The two were convicted on Nov. 28, 2006, and had been awaiting sentencing.Previous to this, the Alis had already been kicked out of Microsoft&#39;s AER (Authorized Education Reseller) program, but they &quot;formed new corporations ... to disguise their identity from Microsoft and re-enter the AER program,&quot; the U.S. Department of Justice said in a statement, released Thursday.They laundered their profits by purchasing real estate in their son&#39;s name and by wiring more than $300,000 to Pakistan, the DOJ said.Two of the Alis associates, Keith Griffen, 56, and William Glushenko, 66, were also sentenced in connection with the case. Griffen, a partner in some of the Alis&#39; corporations, was sentenced to 33 months in prison and $20 million in fines. Glushenko was given one year of probation and 100 hours of community service.The scam was exposed during the course of a two-year undercover investigation called &quot;Operation Cyberstorm,&quot; which was conducted by the FBI and the U.S. IRS.
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Offer--described by Yahoo as "unsolicited"--amounts to $31 per share, or a 62 percent premium above its closing stock price Thursday.
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Yahoo Inc has struck a deal to buy BlueLithium, the fifth-largest U.S. online advertising network, for $300 million in cash, in the latest move to consolidate the behavioral ad targeting market.
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Viacom Inc said on Wednesday it has  selected Microsoft Corp. as its Internet advertising partner in  a five-year agreement initially valued at an estimated $500  million that involves online games, shows and movies.