Old 05-20-2008, 05:26 PM Offline   #1 (permalink)



 
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Default US SEC charges eight ex-AOL Time Warner execs

The U.S. Securities and Exchange Commission on Monday charged eight former executives of AOL Time Warner, now known as Time Warner Inc, in a fraudulent scheme that overstated company advertising revenue by more than $1 billion.Four of the defendants settled with the SEC and the other four are facing fraud-related charges in federal court in NY.

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