Armstrong, along with his producing partner Rick Ringbakk, is co-founder and co-CEO of 5×5 Media, which continues to operate as before.” “It’s very much business as usual and our brilliant production team remains focused on making and delivering great shows.” The Gurneys sold a 61.5% stake in the company to ITV in 2012 for million, but remained co-CEOs of the firm.The suit alleges that in August, the Gurneys secretly set up a new company, Snake River Productions.A complete copy of the lawsuit was posted by recruiting consultant Nick Corcodilos, who often writes about The Ladders on his blog, Ask The Headhunter.
Media entrepreneur and journalist John Battelle describes click fraud as the "decidedly black-hat" practice of publishers illegitimately gaming paid search advertising by employing robots or low-wage workers to repeatedly click on each Ad Sense ad on their sites, thereby generating money to be paid by the advertiser to the publisher and to Google.
PPC advertising is an arrangement in which webmasters (operators of websites), acting as publishers, display clickable links from advertisers in exchange for a charge per click.
They were ‘scraped’ from the Internet without authorization from employers or recruiters, and the employment opportunities were not for ‘real, open $100k jobs.’ Moreover, The Ladders had no process in place to ensure that these posted positions ever truly existed, remained open, or that they met its minimum advertised salary criteria of $100k .” Business Insider reached out to The Ladders for comment and received the statement below from CEO Alex Douzet: "We believe the allegations set forth in this complaint to be false.
In fact, our employees review job listings before they are posted to our site, as has always been our protocol.
“As announced on Monday, Emmy-winning producer Craig Armstrong has been appointed interim CEO of Gurney Productions and has the full ground support of ITV America’s senior team.
Under his leadership, all Gurney Productions shows and development will continue to be produced by the company’s strong team of producers.In September, the new company bought distribution rights to “Northern Territory,” a reality show, from Gurney Productions, according to the lawsuit.That transaction — for .6 million — inflated Gurney Productions’ EBITDA, which had the effect of artificially boosting the value of the Gurneys’ remaining minority stake in the company, the suit alleges.Click fraud is a type of fraud that occurs on the Internet in pay-per-click (PPC) online advertising.In this type of advertising, the owners of websites that post the ads are paid an amount of money determined by how many visitors to the sites click on the ads.Had Pw C adequately vetted documents that Taylor Bean gave to the bank, it would have spotted a multi-year fraud by executives at both firms far earlier and put an end to it, the trustee claims.