Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

The Associated Press December 7, 2011, 5:14PM ET

Yahoo wins $627M judgment in alleged lottery scam

Yahoo says it has won a $627 million court judgment in a scam that tried to dupe people into believing they had won prizes in a bogus lottery sponsored by the Internet company.

Yahoo said a New York federal court issued the default judgment on Monday. The company announced the ruling Wednesday. Collecting judgments in such cases can be a frustrating and fruitless exercise because online swindlers are often difficult to find.

Yahoo alleged in its lawsuit that the lottery hoax was designed to dupe people into providing passwords and other sensitive personal data, such as credit card account information and Social Security numbers.

Yahoo Inc. ended September with about $2.9 billion in cash. So actually receiving the $627 million would give the struggling Internet company a big boost.

BW Mall - Sponsored Links

Buy a link now!