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Google Near $500m Deal in Illegal Drug Ad Crackdown

     

Brett_Tabke

1:35 am on May 13, 2011 (gmt 0)

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System: The following message was cut out of thread at: http://www.webmasterworld.com/goog/4310664.htm [webmasterworld.com] by brett_tabke - 8:36 pm on May 12, 2011 (cst -5)


Wall Street Journal:



Google Inc. is close to settling a U.S. criminal investigation into allegations it made hundreds of millions of dollars by accepting ads from online pharmacies that break U.S. laws, according to people familiar with the matter.

The Internet company disclosed in a cryptic regulatory filing earlier this week that it was setting aside $500 million to potentially resolve a case with the Justice Department. A payment of that size would be among the highest penalties paid by companies in disputes with the U.S. government.

Google gave few details in its filing about the probe, saying only that it involved "the use of Google advertising by certain advertisers."

The federal investigation has examined whether Google knowingly accepted ads from online pharmacies, based in Canada and elsewhere, that violated U.S. laws, according to the people familiar with the matter.
[online.wsj.com...]

blend27

2:18 am on May 13, 2011 (gmt 0)

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500 there, 500 here...

at this point they know it's comming...

The problem is that as soon as they are up against a wall on these we see an update in SERP, so it cost them a zilch(nara).

randle

4:48 pm on May 13, 2011 (gmt 0)

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If you had a child that got into 1/10 the legal trouble our friends at Google get into, you would declare the kid hopeless and send him to reform school.

At what point is it no longer growing pains/misunderstandings/data collection oversights/patent infringement disagreements/unintended privacy violations/ect, ect and more of a concerted effort at aggressively stepping over the legal line because you have the resources to bail you out of pretty much anything you get caught doing?

kurzo

6:48 pm on May 13, 2011 (gmt 0)

5+ Year Member



This penalty seems to be aimed at G's PPC advertiser activities. What about their SERP's?

So if sites like The Pirate Bay (who are essentially a search engine like google) are having their owners held accountable for information they present to the public, does that mean that the serps should be held in the same light as the sponsored listings?

outland88

6:48 pm on May 13, 2011 (gmt 0)

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Yet if your local street dealer was caught marketing $100 of the same, not billions, they could spend 5-15 years in prison. Google more than anybody from its data gathering, especially in Adwords, that the sale of illegal, controlled, counterfeit, and potentially fatal drugs was highly profitable. Bottom line this was bribe to the DOJ to kill the publicity and names involved at Google. Overall 2 billion in profits and 500 million in expenses for Google.

artek

6:54 pm on May 13, 2011 (gmt 0)

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So it must way back thing because for the last two years you cannot use keyword medication, medicine, and etc in adwords without valid US pharmacy license.

chewy

9:08 pm on May 13, 2011 (gmt 0)

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That was fast. I wonder why they agreed to settle? Maybe this should wind out a bit more, agreed?

Maurice

12:50 pm on May 16, 2011 (gmt 0)

5+ Year Member



Well I remeber a coupe of years back I did a search for the (prescription only) blood presure pills I am on and got some very dodgy PPC adverts - basicly new age snake oil.

CenSin

3:51 pm on May 16, 2011 (gmt 0)

5+ Year Member



500 there, 500 here...

at this point they know it's comming...

The problem is that as soon as they are up against a wall on these we see an update in SERP, so it cost them a zilch(nara).


As of today, the other cost is their stock plummet when the rest of market rebound. It is at least a couple of billions in market cap.
[finance.yahoo.com...]
 

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