Ok. This is the article from CNN and apparently is was a settlement between the companies and the DOJ. This is extremely bad news as it shows the US government is now going after companies and possibly people in the US for what they call "Illegally Promoting Online Gambling".
Here's the story...
Quote:
DOJ: Microsoft, Yahoo, Google settle over past illegal gambling promotion
December 19, 2007: 05:43 PM EST
SAN FRANCISCO, Dec. 19, 2007 (Thomson Financial delivered by Newstex) -- The Department of Justice said late Wednesday Microsoft (NASDAQ:MSFT) Corp., Google Inc. (NASDAQ:GOOG) , and Yahoo (NASDAQ:YHOO) Inc. have entered into settlements totaling $31.5 million with the government to resolve claims that they promoted illegal gambling.
Microsoft will pay $21 million to resolve claims that between 1997
and June 2007 it received payments for advertising on-line gambling, the government said.
Yahoo will pay $7.5 million and Google $3 million to resolve similar claims.
The government said the settlements involve corporate conduct found in violation of the Federal Wire Wager Act, federal wagering excise tax laws, and various states' statutes and municipal laws prohibiting gambling. |
Bryan