Time Warner to pay $510 million to settle AOL fraud charges
WinInfo | at | by Mike
Media giant Time Warner will pay about $510 million to two US regulatory agencies to settle various fraud charges against its AOL unit, the company revealed this morning. Time Warner will avoid litigation by settling inquiries from the US Department of Justice (DOJ) and the US Securities and Exchanges Commission (SEC). However, the deals have several caveats, chief among them that the DOJ and SEC can further investigate company employees.