Verizon unit TracFone reaches $13.4 million U.S. false claims settlement
TracFone Wireless agreed to a $13.4 million settlement to resolve false claims allegations in connection with the Federal Communications Commission's (FCC) low-income subsidy program, the U.S. Justice Department said on Monday.
The department said TracFone, a Verizon Communications (VZ.N) unit, violated the False Claims Act by signing up more than 175,000 ineligible customers in connection with the FCC's Lifeline Program, the Justice Department said in a statement.
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