Cable Forum - View Single Post - Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797]

popper · 21-05-2008, 00:49

interesting, i wonder if the Uk might see some of this action

http://www.theinquirer.net/gb/inquir...cs-advertising
"
Watchdog canes AOL execs over advertising fraud

Bigged up revenue by a billion bucks

By Stewart Meagher: Tuesday, 20 May 2008, 11:09 AM

The SEC alleges that between 2000 and 2002 John Michael Kelly, Steven Rindner, Joseph Ripp and Mark Wovsaniker oversaw and executed fraudulent round-trip transactions in which AOL effectively funded its own advertising revenue by giving purchasers the money to buy online advertising that they did not want or need.

Online advertising revenue was a key measure by which analysts and investors evaluated the company.

The defendants made or substantially contributed to statements to investors that included the company's fraudulent financial results.

Kelly and Wovsaniker, both certified public accountants, are also charged with misleading the company's external auditor about the fraudulent transactions.
..."

21-05-2008, 00:49	#6913
popper Inactive Join Date: Jan 2006 Posts: 3,270	Re: Virgin Media Phorm Webwise Adverts [Updated: See Post No. 1, 77, 102 & 797] interesting, i wonder if the Uk might see some of this action http://www.theinquirer.net/gb/inquir...cs-advertising " Watchdog canes AOL execs over advertising fraud Bigged up revenue by a billion bucks By Stewart Meagher: Tuesday, 20 May 2008, 11:09 AM The SEC alleges that between 2000 and 2002 John Michael Kelly, Steven Rindner, Joseph Ripp and Mark Wovsaniker oversaw and executed fraudulent round-trip transactions in which AOL effectively funded its own advertising revenue by giving purchasers the money to buy online advertising that they did not want or need. Online advertising revenue was a key measure by which analysts and investors evaluated the company. The defendants made or substantially contributed to statements to investors that included the company's fraudulent financial results. Kelly and Wovsaniker, both certified public accountants, are also charged with misleading the company's external auditor about the fraudulent transactions. ..."