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Prosecution Wraps Up Case in Fraud Trial of Former AOL Executives

Authored by dmw on January 5, 2007 - 9:34am.
Alexandria, Va. - The three-month-old fraud trial of two former AOL executives may be nearing an end, The Washington Post reported on Friday. Federal prosecutors wrapped up their case against former business affairs executive Kent Wakeford and former unit vice president John Tuli on Thursday after parading more than three dozen witnesses to the stand.
tags: Internet | Advertising | Law | Investing | AOL | Portals | Fraud | Trials | Stocks |

Lawsuit Alleging "Massive Consumer Fraud" Filed Against Webloyalty.com

Authored by Mark Hefflinger on September 11, 2006 - 4:16pm.
Norwalk, Conn. - A class action lawsuit alleging massive consumer fraud against online marketing services company Webloyalty.com has been filed in the U.S. District Court for the District of Massachusetts. According to the complaint, Connecticut-based Webloyalty.com, which has partnerships with websites including Fandango.com, Classmates.com and EBGames.com, charged "unwitting consumers" monthly fees for memberships after they used its partners' sites to make purchases.
tags: Internet | Marketing | Law | Lawsuits | Subscriptions | Commerce | Fraud | Webloyalty.com |

Mark Cuban Invests in Stock Fraud News Website

Authored by Mark Hefflinger on June 15, 2006 - 1:42pm.
Dallas - Dot-com billionaire and Dallas Mavericks owner Mark Cuban has invested an undisclosed amount in a website that will report on stock fraud and other corporate malfeasance, the Associated Press reported.
tags: Internet | Online Publishing | People | Investing | Mark Cuban | News | Fraud | ShareSleuth.com |

Head of Streaming Firm Future Network Broadcasting Arrested for Fraud

Authored by Mark Hefflinger on August 5, 2005 - 5:07am.
Charlotte, N.C. -- Matthew Brown, the head of Future Network Broadcasting (FNB), a company that falsely claimed to own a technology for streaming video over the Internet, has been arrested in California for stealing about $560,000 that he raised from investors in FNB. He faces several federal criminal charges, including securities fraud, wire fraud, and money laundering. Brown, who has a previous conviction for grand theft, could face a maximum sentence of 450 years in prison as a result of his FNB scheme and related crimes.
tags: Law | Fraud | Future Network | Head of Streaming Firm |

Calif. Man Charged With Fraud for Duping Google AdSense System

Authored by Mark Hefflinger on June 25, 2004 - 7:31am.
San Jose, Calif. -- A California man has been indicted on charges related to software he created that could be used to defraud search engine Google's "cost-per-click" AdSense advertising system out of millions of dollars, Reuters reported. Michael Anthony Bradley, of Oak Park, Calif., was charged with one count of interfering with commerce by threats and 10 counts of wire fraud. The U.S. Attorney for the Northern District of California told Reuters that Bradley's software created fraudulent "clicks" for publishers' websites, and that he approached Google and threatened to sell the software to spammers if the company did not pay him $150,000. Bradley pleaded not guilty and is free on a $50,000 bond.
tags: Law | Fraud | Calif. Man | Google AdSense System |