Former AOL Execs Allegedly Lied to Auditors
An AP newswire article, via The New York Times, reports that:
Two former America Online executives and top officials at a defunct Las Vegas software maker lied to auditors as part of a scheme to boost both companies' revenue as the dot-com boom fizzled in 2001, government lawyers argued Tuesday.Well, of course they do...
Kent Wakeford, former executive director at AOL's business affairs unit, and John Tuli, a former vice president in AOL's NetBusiness unit, are among the four defendants on trial at U.S. District Court in Alexandria.
The men, along with two former executives at PurchasePro, are charged with securities fraud, making false statements to auditors and wire fraud. The defendants deny wrongdoing.
More here.
posted by Fergie @ 10/24/2006 11:11:00 PM
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