<![CDATA[Gawker: valleywag, doj]]> http://tags.gawker.com/assets/base/img/thumbs140x140/gawker.com.png <![CDATA[Gawker: valleywag, doj]]> http://gawker.com/tag/valleywag/doj http://gawker.com/tag/valleywag/doj <![CDATA[E-gold founders plead guilty to money laundering]]> E-gold and the online money-transfer site's three owners have reached a deal with the Department of Justice to plea guilty to charges of conspiracy to engage in money laundering and conspiracy to operate an unlicensed money-transmitting business. The company now faces fines of up to $3.7 million, along with an agreed-on forfeiture of $1.75 million in funds. Douglas Jackson, one of the owners, could face a maximum prison sentence of 20 years and a fine of $500,000 on one of the conspiracy charges, and a sentence of five years and a fine of $250,000 on the other. His co-owners, Barry Downey and Reid Jackson, each face a maximum of five years in prison and a fine of $25,000. E-gold, a survivor of the first dotcom boom, says it has about 3 million registered accounts, facilitating about $10 million in transactions a day.

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<![CDATA[Yahoo, Google deal officially being investigated by DOJ]]> "What is Yahoo's incentive to continue to compete?" That's the question Clinton-era Federal Trade Commission competition policy director David Balto asked of the search advertising deal between Yahoo and Google. And that's just one of many questions that will be asked by the Department of Justice now that officials have opened a formal investigation into the deal, according to unnamed sources cited by the Washington Post.

Google's general counsel Kent Walker (pictured) feels it's a competitive deal, with the company arguing that Google's better contextual ad placement algorithms make both users and advertisers happy and that other competitors share and license technology amongst themselves. Not cited, but mentioned in passing? Microsoft, party to one of the largest anti-trust investigations in recent memory and currently desperate to get a sizable share of the search advertising business.

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