Verizon to Pay $93.5M in False Claims Settlement

Reuters

Verizon Communications (VZ) has agreed to pay $93.5 million to settle allegations that it overcharged the U.S. government on contracts for voice and data services, the U.S. Justice Department said on Tuesday.

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Verizon's MCI Communications Services Inc unit was accused of invoicing the General Services Administration for various taxes and surcharges in violation of contracts or regulations, the Justice Department said.

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