Earlier this week, Google revealed in a cryptic filing with the Securities and Exchange Commission that it was setting aside $500 million–equivalent to around one sixth of its revenue in the first quarter of 2011–to resolve a mysterious case with the Department of Justice.

Now, sources say that Google is nearing a settlement with regulators following a criminal investigation into allegations that the search giant profited from selling online ads to illegal pharmacies.

Read the complete Huffington Post story, “Google Under Criminal Investigation Over Drug Ads: Report.”

Earlier this week, Google revealed in a cryptic filing with the Securities and Exchange Commission that it was setting aside $500 million–equivalent to around one sixth of its revenue in the first quarter of 2011–to resolve a mysterious case with the Department of Justice.

Now, sources say that Google is nearing a settlement with regulators following a criminal investigation into allegations that the search giant profited from selling online ads to illegal pharmacies.

Read the complete Huffington Post story, “Google Under Criminal Investigation Over Drug Ads: Report.”