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.