Thursday, December 20, 2007

Microsoft, Google And Yahoo Fined $31.5 Million Over Gambling Ads

Microsoft, (NSDQ: MSFT) Yahoo (NSDQ: YHOO) and Google (NSDQ: GOOG) will pay a combined $31।5 million to settle claims that they improperly ran ads for illegal gambling operations from 1997-2007. By accepting the ads, the DOJ said the companies ran afoul of the Federal Wire Wager Act. Microsoft will pay the largest chunk, at $21 million, with Yahoo and Google at $7.5 million and $3 million respectively. Additionally, both Microsoft and Yahoo have agreed to run ads for an anti-online gambling campaign.

read more; http://www.usdoj.gov/usao/moe/press_releases/archived_press_releases/2007_press_releases/december/yahoo_google_microsoft.ह्त्म्ल

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