Violation Tracker Individual Record

Company: 
Time Warner Inc.
Current Parent Company: 
AT&T
Penalty: 
$300,000,000
Year: 
2005
Date: 
March 21, 2005
Primary Offense: 
accounting fraud or deficiencies
Secondary Offense: 
fraud
Violation Description: 

Time Warner Inc. agreed to pay $300 million to settle allegations of materially overstating online advertising revenue and the number of its Internet subscribers, and aiding and abetting three other securities frauds.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
Texas
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
telecommunications
Specific Industry of Parent: 
telecommunications
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.