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Saturday, May 16, 2026

Verizon unit TracFone to pay $13.4 mln to settle false claims allegations, U.S. DOJ says - Yahoo Finance

April 4 (Reuters) - TracFone Wireless Inc has agreed to pay $13.4 million to settle false claims allegations in connection with the Federal Communications Commission's Lifeline Program, the U.S. Justice Department said on Monday.

The settlement is for resolving allegations that TracFone, a Verizon Communications Inc 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.



Read Full Story: https://finance.yahoo.com/news/verizon-unit-tracfone-pay-13-200216023.html