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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ST. LOUIS, Dec. 19 -- The three largest Internet companies agreed to pay a total of $31.5 million to settle civil allegations that they took ads for illegal gambling, a federal prosecutor said yesterday.
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Yahoo Inc  has struck a  deal to buy BlueLithium, the fifth-largest U.S. online ad  network, for $300 million in cash, in the latest move to  consolidate the fast-growing behavioral ad targeting market.
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A House panel voted Thursday to crack down on the &#36;12 billion Internet gambling industry by applying federal prohibitions to games like online poker, blackjack and roulette.
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(InfoWorld) - Microsoft Corp. has initiated 97 lawsuits throughout Europe and the Middle East during its eight-month investigation into fraudulent Web pages, with another 32 criminal complaints filed in cooperation with local authorities, the company said Wednesday. All of the cases are against individuals who attempted to capture the log-in and password details of users by constructing fraudulent Hotmail and MSN.com sign-in pages, said Jean-Christophe Le Toquin, a Microsoft attorney. A total of 253 sites were investigated, he said. Microsoft'sÂ Global Phishing Enforcement program, started in March, aims to curtail fake Web sites built by criminals trying to obtain financial information or passwords by tricking users, so-called âphishing.â The company uses its technology to crawl the Internet to find Web pages that look suspicious, Le Toquin said. Once a phishing site has been identified, Microsoft either files a criminal complaint or forwards the information to prosecutors, depending on the countryâs legal requirements, Le Toquin said. By country, Turkey led the pack with 50 criminal complaints, followed by 28 in Germany and 11 in France. Legal actions were also filed in the United Arab Emirates, Italy, Morocco, the Netherlands and the U.K. Microsoft has settled with four phishers, all 16- to 20-year-old males, in France and Norway, Le Toquin said. Each of those pursued in France paid Microsoft â¬2,000 (US$2,564), a fine the company felt is in proportion to their actions, he said. Many of the fake sites were created by the phishers to trick their peers into divulging their log-in credentials, Le Toquin said. The phishers would try to lure their friends to the fake pages through links sent by instant messaging programs, he said. The purpose was to âtake control of the account of the victim,â Le Toquin said. Microsoft said it will continue its investigation, particularly focusing on phishing sites connected with more sophisticated hacking, Le Toquin said. Â
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Evergreen Investment Management and its affiliates have agreed to pay $32.5 million to settle charges of improper market timing.
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Microsoft, Google and Yahoo have agreed to pay a total of US$31.5 million to resolve claims that they promoted illegal gambling, the U.S. Department of Justice announced Wednesday.
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PayPal, the online payments arm of eBay Inc. , on Friday said it will soon fine people up to &#36;500 for uses related to gambling, adult content or services, and buying or selling prescription drugs from noncertified sellers.
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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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Online gambling firms faced their biggest-ever crisis on Monday after U.S. Congress passed legislation to end Internet gaming there, threatening jobs and wiping 3.5 billion pounds ($6.5 billion) off company values.
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The settlement worth $31.5 million resolves accusations that the companies promoted illegal Internet gambling, the Justice Department said.
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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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IRELANDâS online bookmakers are lining up to grab a share of the $73 billion (â¬56.3 billion) American gambling market following a landmark ruling by the World Trade Organisation (WTO) last week that US legislation prohibiting gambling over the
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Yahoo Inc has struck a definitive deal to acquire BlueLithium, the fifth-largest U.S. advertising network, for $300 million, in the latest move to consolidate the behavioral ad targeting 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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Microsoft and entertainment broadcaster Viacom have agreed to a five-year deal to share content and partner on advertising initiatives, the companies announced Wednesday.It&#39;s the latest agreement between content and technology companies seeking to make money by mixing premium content with advertising on the Web. The two companies valued the deal at $500 million.Microsoft will have a nonexclusive license to use TV programs and other content from Viacom, which owns MTV Networks, Comedy Central, BET (Black Entertainment Television) and Paramount Pictures, among others. The content will appear on Microsoft&#39;s MSN Web site, as well as through its Internet-connected XBox 360 games system.Viacom will also use Microsoft&#39;s Atlas AdManager digital advertising technology for its U.S. Web sites. The technology came from&#160;Microsoft&#39;s $6 billion acquisition of aQuantive, which was completed in August. AdManager can serve graphical and video ads on Web sites and has ad reporting and management features.Microsoft will also have an exclusive right to sell some display advertising inventory on Viacom&#39;s sites, and both companies will share the revenue.Microsoft and Viacom previously worked together on MTV&#39;s&#160;Urge digital music store, which was closed&#160;in August after low interest.In March,&#160;Viacom filed a $1 billion suit against Google&#39;s YouTube&#160;video service for displaying clips the network owns that were posted by users without permission.&#160;
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Microsoft, Yahoo and Google have agreed to pay a combined $31.5 million to settle federal civil allegations they took ads for illegal gambling.