BusinessCompany NewsAOL accounting troubles deepen

AOL accounting troubles deepen

The mire of financial scandals that have dogged the world's largest media company, AOL Time Warner, have deepened, according to reports in the Washington Post.

Link: AOL tax case delayed till October

The newspaper claims that investigators from the Securities and Exchange Commission are looking into further allegations in relation to schemes said to involve false transactions. The allegations relate to periods before and after the company’s controversial merger with Time Warner in January 2001.

AOL officials continue to insist they are cooperating with the SEC, after already reporting accounting problems totalling $190m and handing over thousands of pages of documents.

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