Auric Goldfinger's Short List Message Board

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Non-Tech : Auric Goldfinger's Short List

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To: Francois Goelo who wrote (10156)	12/15/2004 11:35:33 AM
From: StockDung	of 19428

U.S. to Charge AOL with Fraud Wed Dec 15, 2004 11:14 AM ET WASHINGTON (Reuters) - The U.S. government will charge Time Warner Inc's (TWX.N: Quote, Profile, Research) America Online unit with aiding and abetting securities fraud but will defer prosecution for two years, a U.S. Justice Department official said. The official said AOL had agreed to cooperate with the investigation. In a criminal complaint that will be filed in Virginia, the Justice Department will accuse AOL and PurchasePro of engaging in a scheme to inflate revenue, the official said. AOL will be fined $210 million in criminal-related fines, the official said. © Reuters 2004. All Rights Reserved.

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