A New York City-based telecommunications company will pay $500,000 to settle charges it committed fraud by overstating its revenue by approximately $42 million over six quarters, then providing false information to auditors when confronted about the alleged misconduct.
Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:... More by Aaron Nicodemus
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