Two former AOL executives indicted

Link: Time Warner facing $750m fine

Four former executives of the former business partner were also indicted as a result of an alleged scheme between the two companies that was designed to inflate advertising revenues just as the dotcom market was beginning to collapse.

The indictment also alleges that some executives of benefitted personally from the scheme by collecting millions in bonuses and stock options.

According to The Washington Post, prior to yesterday’s indictment, six former executives of had already pleaded guilty to charges resulting from the investigation. Two have been sentenced to prison.

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