U.S. to Charge AOL with Fraud
688117
The U.S. government will charge Time  Warner Inc's TWX.N America Online unit with aiding and  abetting securities fraud but will defer prosecution for two  years, a U.S. Justice Department official said.
750409
(InfoWorld) - Adam Vitale pled guilty Monday to sending unsolicited e-mail to 1.2 million AOL LLC subscribers, U.S. Attorney for the Southern District of New York Michael J. Garcia said. Vitale and co-defendant Todd Moeller, were in contact with a government confidential informant via instant messaging, and agreed to send spam advertisements for a product in exchange for half of the profits, Garcia said in a statement. The pair then sent about 1.2 million unsolicited e-mails to AOL users between August 17 and August 23, 2005. They changed the headers on the e-mails and used various computers to conceal the source of the spam. Vitale, 26, resides in Brooklyn. Sentencing is scheduled for September 13 before U.S. District Judge Denny Chin, who presided over the criminal case, in Manhattan. He faces a maximum sentence of 11 years in prison and a fine of US$250,000 or double the maximum gain or loss resulting from the offense. Moeller, a New Jersey resident, will stand trial for the same charges. One observer felt the legal victory was somewhat hollow. "I think this is a moral victory for AOL, but not much else," said Adam O'Donnell, director of emerging technologies at Cloudmark Inc. "The economic motivations underlying abuse mean some other spammer has already taken his place, and it is likely the spammer's replacement is coming from outside American jurisdiction." Â
155684
FEDERAL authorities have indicted 19 people in the United States and abroad on charges related to a website investigators claimed was one of the largest online centers for trafficking in stolen identity information and credit cards.
764511
Time Warner Inc has said that it has settled, for over $510 million, long-running investigations by the US Department of Justice and Securities and Exchange Commission into improper accounting and abetting securities fraud at America Online in 2001.
750060
Federal authorities on Thursday indicted 19 people in the United States and abroad on charges related to a Web site investigators claimed was one of the largest online centers for trafficking in stolen identity information and credit cards.
678754
Time Warner Inc.&#039;s  AOL unit is  considering offering its services, except for Internet access,  free of charge to anyone with a high-speed connection, a source  familiar with the plans said on Thursday.
551002
Veritas Software has agreed to pay $30 million to the U.S. Securities and Exchange Commission (SEC) to settle charges that it engaged in fraudulent accounting practices and aided Time Warner's America Online (AOL) in committing fraud.
188922
Time Warner agreed to pay $210m (Â£108m) yesterday to settle criminal fraud charges related to its internet service provider America Online.
601370
Eleven people, including one of the top spammers in the world, were indicted on Thursday for allegedly sending millions of unsolicited e-mails intended to inflate the price of Chinese penny stocks.The U.S. Department of Justice (DOJ) called the scheme one of the largest spamming and fraud operations in the U.S. The 41-count indictment charges the defendants with conspiracy, several types of fraud, and money laundering.The indictment alleges the group sent spam via botnets, or networks of hacked computers. A three-year investigation revealed the e-mails, which implored investors to buy cheap stocks, contained fake headers and other misleading information, the DOJ said.After the price of a stock increased, the defendants sold at the artificially inflated price, a practice known as a&#160;pump-and-dump&#160;scam, according to the indictment. In mid-2005, the stock spam netted the defendants around $3 million, the DOJ said.Those charged include Alan M. Ralsky, 52, of West Bloomfield, Michigan. Spamhaus, a London-based organization that tracks spamming operations, listed&#160;Ralsky as one of the top professional spammers&#160;in the world. Also indicted was Ralsky&#39;s son-in-law, Scott K. Bradley, 46.Ralsky settled with Verizon after being sued in 2002 over spam. Ralsky and his company, Additional Benefits, agreed to pay Verizon and to stop sending spam on Verizon&#39;s network.Three of the 11 accused have been detained, and the rest -- including Ralsky -- are being sought, the DOJ said.
81076
InfoWorld - Veritas Software has agreed to pay $30 million to the U.S. Securities and Exchange Commission (SEC) to settle charges that it engaged in fraudulent accounting practices and aided Time Warner&#39;s America Online (AOL) in committing fraud.
354586
Hoping to trigger a federal investigation, a civil liberties group accused AOL of breaking a promise to protect its subscribers' privacy when the Time Warner Inc. subsidiary recently released millions of Internet search requests &#151; data that touched upon everything from Social Security numbers to murder plots.
254952
U.S. securities regulators are planning to fine Nortel Networks Corp.  up to $100 million for accounting fraud, Bloomberg reported on its Web site on Friday.
180815
Time Warner Inc. has agreed to pay $210 million to settle securities fraud charges involving the company&#39;s America Online unit, law enforcement officials said Wednesday.
178564
AOL helped build a case that led to the conviction of one of the world&#39;s most prolific spammers, Jeremy Jaynes. A state jury in Virginia has recommended a nine-year prison term in the nation&#39;s first felony trial of spam purveyors.
34539
NEW YORK (CBS.MW) -- The Securities and Exchange Commission is considering charging American International Group for violating federal securities laws, the insurer said Tuesday.
185489
Time Warner Inc.&#039;s  AOL unit  may offer its full menu of services, including e-mail, free of  charge to anyone with a high-speed Internet connection, The  Wall Street Journal said on Thursday, citing people familiar  with the matter.
691637
Media giant Time Warner Inc. will pay fines of $210 million under an agreement with the US government to be announced on Wednesday to settle charges that its America