Microsoft, Yahoo, Google to pay $31.5 million for illegal gambling ads
Internet companies say they stopped taking money for ads touting illegal gambling years ago but agree to pay to settle federal allegations.
Microsoft, Yahoo, and Google will pay a combined $31.5 million to settle allegations they accepted money for illegal gambling ads, according to the Associated Press.
All three companies said they stopped accepting ads for gambling years ago. The agreement settles an investigation launched in 2000 and conducted by the U.S. Attorney's office, the IRS, and the FBI.
Microsoft is paying out the most at $21 million, Yahoo is paying $7.5 million, and Google's share is $3 million. Part of the payment will go to the International Center for Missing and Exploited Children and for public service ads.