Wednesday, September 14, 2011

Google Reaches $500 Million Settlement With Government

Google will pay $500 million to settle federal government charges that it has knowingly shown illegal ads for fraudulent Canadian pharmacies in the United States, the Justice Department announced on Wednesday.The federal investigation, which was first revealed in May, found that Google was aware that some Canadian pharmacies that advertised on its site failed to require a prescription for substances like the painkiller Oxycontin and the stimulant Ritalin. Google continued to accept their money and assisted the pharmacies in placing ads and improving their Web sites, according to the Justice Department.

i feel that Google doesn't care what kind of products its site is promoting as long as their site is getting the money from the companies and Google should take care of these kind of advertisement that these kinds of illegal medicine can be harmful to people. And i think the government did the right thing by charging Google $500 million . And i don't know if the fine was at least as large as the money gained? These so-called 'illegal' pharmacies exist purely because the cost of pharmaceuticals are artificially, ridiculously (and intentionally) high-priced in the U.S. If the costs were more equitable the online pharmacies could not compete. And i don't know why the government gets to keep the money ? but since they are keeping the money i hope they spend in the right way.

http://bits.blogs.nytimes.com/2011/08/24/google-reaches-500-million-settlement-with-government/?scp=10&sq=government&st=cse

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