Verizon and the Grift That Keeps on Giving
A new record for Verizon. In early October the company’s wireless division claimed title to the largest consumer telecommunications refund in history, saying it would pay $52.8 million to some 15 million subscribers who were charged for data usage, though they weren’t on data usage plans. Now, thanks to the Federal Communications Commission, it can claim another. The agency last week slapped the company with a $25 million fine, the largest in its history.
“I am pleased that Verizon Wireless is now taking the appropriate steps to repay 15 million consumers more than $52 million dollars,” FCC chairman Julius Genachowski said in a statement. “Their $25 million payment to the U.S. Treasury–the largest in FCC history–is an important recognition of the harmful impact on consumers.”