How RI Police Ended Up With $230M of Google’s Money

Use of the cash requires federal approval

   

How RI Police Ended Up With $230M of Google’s Money

google sign close up 630 300x225 How RI Police Ended Up With $230M of Google's MoneyA settlement between Google (GOOG) and the federal government will translate into a $230 million windfall for a number of police departments in Rhode Island.

The agencies assisted federal regulators in a probe of the Internet giant’s role in allowing advertisements for the illicit sale of prescription medications. Two years ago, Google forfeited $500 million relating to the ads. Each of five Rhode Island agencies will receive up to $60 million each for their part in the investigation, the Associated Press noted.

GooglePromo How RI Police Ended Up With $230M of Google's Money
Google Defends Right to Search Your Gmail

Money will be distributed among the North Providence and East Providence police departments, the state attorney general’s office, the state’s National Guard unit and the state police.

Since the federal government announced the disbursement of funds, the agencies have increased spending on new vehicles, equipment and pension investments in anticipation of the windfall.

The agencies still have about $100 million left to spend. Any spending must be cleared by the U.S. Department of Justice.

Last year, Google agreed to pay $22.5 million to settle allegations that it improperly tracked the internet activity of users of Apple‘s (NASDAQ:AAPL) Safari browser in a deal with the Federal Trade Commission.


Article printed from InvestorPlace Media, http://investorplace.com/2013/09/how-ri-police-ended-up-with-230m-of-googles-money/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.