TDS Telecom comments on grand jury indictment in theft by wire fraud case

On Thursday, November 6, 2014, a federal grand jury in the Southern District of Georgia, Brunswick Division, returned an indictment against a former TDS Telecom employee. The indictment charges that former employee with multiple counts of wire fraud, and alleges the former employee engaged in a scheme to defraud TDS.

The following statements can be attributed to Drew Petersen, vice president of External Affairs and Communications for TDS Telecom:

“In 2014, TDS Telecom uncovered a scheme by then-employee James Hosea to defraud TDS by creating false invoices from a fictitious vendor, thereby causing TDS to make payments to an account controlled by Mr. Hosea. In response, TDS Telecom immediately retained outside legal counsel and referred the matter to the Federal Bureau of Investigation, Atlanta Division, Brunswick Resident Agency.

“TDS Telecom maintains a zero tolerance policy regarding fraud and malfeasance by its employees. TDS intends to continue to cooperate fully with federal authorities in connection with the government’s prosecution of this former TDS employee.”

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