Federal Contractor Misconduct Database (FCMD)
Violation of FCC Affiliate Transaction Rules
On August 6, 2003, the Federal Communications Commission found that Verizon apparently violated the FCC’s rule which regulates accounting practices for transactions between Verizon’s New York Bell Operating Company and its affiliates and ensures that Verizon’s affiliates do not receive better treatment than Verizon’s competitors. The FCC found Verizon liable for a forfeiture in the amount of $283,800. The FCC also admonished Verizon for failing to post on the Internet accurate and timely descriptions of all transactions between the BOC and its affiliates.
- Misconduct Type
- Enforcement Agency
- Contracting Party
- Court Type
- Date of Notice