Tag: internet

DOJ Files Complaint Against Internet Ad Company

The U.S. Department of Justice wants to seize the property and $53 million from the owner of a Florida- based Internet company that allegedly was involved in a massive Ponzi scheme.A Ponzi scheme is named after Charles Ponzi, who around 100 years ago tricked thousand of New Englanders into investing their money with him. Money from new investors is used to pay off earlier investors until the scheme collapses.

Major Internet Companies Agree On China Code Of Conduct

Google, Yahoo and Microsoft have announced they are close to completing a voluntary code of conduct for doing business in China and other countries that censor the Internet. Details of the code of conduct have not yet been made public but Senator Dick Durbin (D-Il) was supportive of the companies’ progress. "We must ensure that American companies operating in repressive regimes protect fundamental human rights," Durbin said in a statement.

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