Media Industry
Industry: Email Alert RSS FeedDOJ eyes AOL. (The Week That Was).(Department of Justice accounting investigation)(Brief Article)
Broadcasting & Cable, August, 2002
The Justice Department is investigating allegations of accounting irregularities at AOL Time Warner. "In the current environment, when anyone raises a question about accounting, it's not surprising that the relevant government agencies will want to look into the facts," the company said last week in a prepared statement. The Justice Department probe comes on the heels of a previously announced Securities and Exchange Commission investigation.
Unlike the SEC, which can only levy civil fines and sanctions, the DoJ can bring criminal charges against a company and its officers. The investigations follow reports two weeks ago by The Washington Post detailing the company's efforts to boost bottom-line numbers with aggressive accounting maneuvers. ...
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