AOL Accuses Former Executive of Fraud
From Associated Press
America Online is suing its former chief of human resources, Gregory Horton, claiming that he bilked the Time Warner Inc. unit of $100,000 in a scheme to divert money to a sham company.
In a suit filed in Circuit Court of Loudoun County, Va., AOL claims Horton and several associates conspired to defraud the company by having it enter bogus contracts and then having the money sent to a shell company they controlled.
AOL fired Horton in August after reviewing the suspect payment. AOL said it later discovered what it called “a scheme to defraud AOL” after it reached a separation agreement with Horton.
Horton’s lawyer did not return a phone call seeking comment.
