Buy custom Fraud In America Online
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 728 |
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AOL would benefit from this by increasing their revenues when the time came to merge with Time Warner. AOL agreed to buy software from PurchasePro. This would make PurchasePro revenue figures appear larger to meet Wall Street projections. The two executives involved were Kent Wakeford and John Tuli. They were both charged with conspiracy, securities fraud, false statements to auditors, wire fraud, obstruction, false statements They both were at risk of facing sentences of at least 50 years and heavy fines...
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They were both charged with conspiracy, securities fraud, false statements to auditors, wire fraud, obstruction, false statements They both were at risk of facing sentences of at least 50 years and heavy fines. After a long case that started in October, it came to an end in January 2007, Tuli and Wakeford were acquitted from all charges...
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General points of the essay
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