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  "documentTitle": "Tempus AI, Inc. (TEM)",
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      "text": "Mr. Leonsis As Vice Chairman of AOL Unit Regarding Accounting Practices",
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      "text": "What is noteworthy about the case is that it involved round-trip of revenue which involved providing capital to partners that use the funds to purchase services that is recorded as revenue by the public company.",
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      "text": "Board member Ted Leonsis was Vice Chairman of AOL during a period it was under federal DOJ and SEC investigation. While there was no suggestion that Mr. Leonsis did anything improper, he made a statement that he looked at the accounting and was comfortable with the practices. The SEC later charged AOL Time Warner with accounting fraud.",
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      "text": "Fraudulent Round-Trip Transactions to Inflate Online Advertising Revenue... Beginning in mid-2000, stock prices of Internet-related businesses declined precipitously...",
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      "text": "SEC CHARGES TIME WARNER WITH FRAUD, AIDING AND ABETTING FRAUDS BY OTHERS, AND VIOLATING A PRIOR CEASE-AND-DESIST ORDER; CFO, CONTROLLER, AND DEPUTY CONTROLLER CHARGED WITH CAUSING REPORTING VIOLATIONS",
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      "text": "\"We were approached today and we are cooperating fully,\" Leonsis said. \"We have looked at our accounting practices. We feel very comfortable there....We are very anxious to get all this behind us.\"",
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      "text": "We have looked at our accounting practices. We feel very comfortable there....We are very anxious to get all this behind us. — Ted Leonsis",
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      "text": "1) \"Ex-AOL dealmaker weak on details\", CNN, May 16, 2003 2) \"Feds Launch Probe of AOL’s Practices\", LA Times, Aug 1, 2002 Source: SEC Litigation release, May 19, 2008 and March 21, 2005",
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