Fraud in online advertising is a huge business, we noted recently.
Botnets generate clicks automatically, at the same overall rates as humans, making them difficult to detect. Some publishers claim, and bill for, vast audiences even though few people in real life seem to have heard of their publications. And some web sites serve ads "below the fold," meaning beneath the area of the site displayed on your screen — charging clients for impressions that people can't see.
A former Rochdale Securities trader whose unauthorized purchase of about $1-billion of Apple Inc. stock caused the demise of the financial services company pleaded guilty on Monday to wire fraud and conspiracy.
David Miller, 40, entered his guilty plea before U.S. Magistrate Judge Donna Martinez in Hartford, Connecticut.
We looked at investor losses, Securities & Exchange Commission and Department of Justice enforcement actions and private lawsuits, as well as societal impact, to come up with our picks for the ten biggest frauds in the U.S. of the past quarter century.
