AOL Time Warner Executives Charged

Some of the largest fraud cases are among the rich in companies. On Monday, the Feds said eight former executives of AOL Time Warner had fraudently inflated the company's online advertising revenues by more than $1 billion between the years 2000 and 2002. Of these eight, four have agreed to settle the civil charges brought by the U.S. Securities and Exchange Commission by paying roughly $8 in fines and returning allegedly ill-gotten gains. I can't even imagine that kind of money, can you? It seems the more you have, the more you want, whether honestly gained or not.

Oil Giant Fined by US Government

The US Department of Justice has said that oil giant BP will be fined a total of $373m, for environmental crimes and committing fraud. The fines include $50m relating to a Texas refinery explosion in 2005 that killed 15 people and injured 180 more. The sum is the highest fine of its kind levied under the Clear Air Act.