Prosecutors Close PurchasePro, AOL Fraud Case

Law360, New York (January 5, 2007, 12:00 AM EST) -- Federal prosecutors closed their case Thursday against four former executives charged with conspiracy related to deals between America Online and PurchasePro.com, signaling that the long-standing fraud case may soon come to a close.

Former AOL business affairs executive Kent D. Wakeford and former Netbusiness unit vice president John P. Tuli, as well as two former PurchasePro executives, vice president Charles Benyo and chief technology officer Michael Kennedy, were among six former execs to be charged with conspiracy in January 2005 by the U.S. Attorney’s Office for...
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