Posted AT 4:37 PM EST on 19/05/08
SEC charges eight former AOL Time Warner executives
WASHINGTON — The U.S. Securities and Exchange Commission 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 (U.S.).
Four of the defendants settled with the SEC and the other four are facing fraud-related charges in federal court in New York.
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