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Adbot : ウィキペディア英語版
Adbot

Adbot, Inc. was a privately held Internet advertising company in Chicago owned and operated by James R. Frith, Jr. The company was a pioneer in the delivery of display advertising on the Internet and had a brief but interesting run from April 1997 to December 1997, at which time it ceased operations due to a legal tangle with the U.S. Securities and Exchange Commission.
==History==
Adbot announced the introduction of its auction market for Internet advertising on Jan 23, 1997.〔"(Adbot, Inc., announces debut of Internet advertising network )". All Business (Business Wire). 1997-01-23.〕 On April 10, 1997, the company held its first live outcry auction, pairing a number of small publishers with interested advertisers.〔Kirk, Jim. "Loop firm to auction space with guaranteed `hit' counts
Who reads Web ads?". Chicago Sun-Times. 1997-04-10. p25 (Financial).〕 By mid-summer, Adbot was well on its way to selling more than 100 million placements and had completed a closed loop of ad delivery and publisher payments.〔"(Adbot, Inc. announces 86 million ads sold in live auctions )". BNet (Business Wire). 1997-05-22.〕〔"(Adbot Makes Payment to Web Publishers )". bNet (Business Wire). 1997-07-17.〕
Adbot operated under this model until Dec 5, 1997. On that date, the Federal Bureau of Investigation raided Adbot's office resulting in the cessation of normal operations, as part of an investigation into securities fraud related to Frith's Chicago Partnership Board (CPB) operation, the ill-advised source of Adbot's start-up funding.〔(Litigation Release No. 15581 ), SEC. December 8, 1997〕〔(Litigation Release No. 15611 ), SEC. January 7, 1998〕〔Roeder, David. "Local firm's assets are frozen in SEC probe". Chicago Sun-Times. 2007-12-09. p54 (Financial)〕 Despite efforts to separate from the troubled CPB and continue operations,〔Podgorski, Al and Roeder, David. "Troubled securities firm seeks a buyer", Chicago Sun-Times, 2007-12-11. p58 (Financial)〕 the company was ordered to liquidate all assets and was shuttered in December 1997.〔"(Legal Troubles Shutter Adbot; Future Unclear; Judge Orders Liquidation of CPB )". Advertising Age. 1997-12-22.〕 Frith eventually was found by a jury to be not guilty of securities fraud, but was convicted of two securities law violations (out of 23 charges) for operating his CPB broker-dealership without enough money in its reserve accounts. The conviction was based on a financial shortfall on a single day in 1997.〔"(U.S. vs. James R. Frith )".〕
The case notably became reference case law regarding auditing requirements for securities firms.〔Cullinan, Charles P. and Wright, Gail B. (Cases from the SEC Files: Topics in Auditing ). Published by Prentice Hall. 2002-02-15.〕〔"(Federal White Collar Crime Update )". The Appellate Advocate. Fall 2006. p100.〕

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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