Skip to main content

Internet Companies Settle On Illegal Gambling Debt

United States - In a deal brokered by the U.S. Justice Department, one which ultimately rakes in millions for the Federal Government, Microsoft, Google and Yahoo have agreed to pay $31.5 million in fines in a lawsuit over illegal gambling advertisements ran by those companies. Back taxes and forfeitures already exceed $40 million, with this new fine being added on.

Microsoft has agreed to pay $4.5 million to the U.S. government and $7.5 million to the International Center for Missing and Exploited Children, and provide $9 million worth of public service advertising. Google will pay $3 million, though Reuters’ report does not say to what agency or entity. Yahoo will pay $3 million to the U.S. government and provide $4.5 million for online ads in a public service advertising campaign.

Read more ... Reuters.