PurchasePro controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2008
PurchasePro-AOL revenue overstatement case
A United States court found that PurchasePro had conspired with AOL executives to overstate revenue from software-license transactions. The transactions allegedly concealed that many license sales were tied to commitments to purchase products, while PurchasePro also backdated and forged contracts to support revenue projections. Revenue was reported as overstated by 37 percent in the first quarter of 2001.
2008
Founder convicted of stock fraud and obstruction
Charles E. Johnson Jr. was convicted in his second trial of stock fraud and obstruction of justice and sentenced to eight years in prison. His first trial had ended in a mistrial after defense lawyers withdrew upon discovering that he had forged email messages intended to support his case.