Hamptons Legal – The Daily Detail

News, Service & Small Practice Management

AOL Fraud Trial Finale

Posted by pbsweeney on January 31, 2007

The vastly under-reported AOL fraud trial in federal court is finally drawing to an end, with closing arguments begining yesterday, and arguments for the defendants set for today.

As the dot-com economy collapsed in 2001, executives at America Online allegedly conspired with a now-defunct technology firm in Las Vegas to inflate revenue, using secret side deals and backdated contracts to deceive investors, prosecutors said.

The government made its closing argument Tuesday at the trial of two midlevel AOL executives and a senior officer at Las Vegas-based PurchasePro. The trial has stretched more than three months, one of the longest trials in the history of the federal courthouse in Alexandria, known as the “rocket docket” for its dispatch in handling cases. For a great trial notebook 101 story filed by Matthe Barakat, click here… A fascinating tale of the mind boggling mechanics of corporate fraud.

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One Response to “AOL Fraud Trial Finale”

  1. Thank for making this available to the public.

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