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.”
TDS Telecommunications LLC (TDS Telecom/TDS®) delivers high-speed internet, TV entertainment, and phone services to more than 1,000 rural, suburban, and metropolitan communities across the U.S. With 1.2 million connections, TDS is a rapidly growing technology company. Powered by fiber-optics and new industry-leading technologies, TDS delivers up to 2 Gigabit internet speeds and offers internet-protocol based TV entertainment solutions along with traditional phone services. TDS also offers businesses VoIP advanced communications solutions, dedicated internet service, data networking, and hosted-managed services. Visit tdstelecom.com.
TDS Telecom, headquartered in Madison, Wis., employs 3,000 people and is a subsidiary of Telephone and Data Systems, Inc. [NYSE: TDS], a Fortune 1000® company. Founded in 1969, Telephone and Data Systems provides wireless, broadband, video, and voice as well as hosted and managed services to approximately 6 million connections nationwide through its businesses: UScellular, TDS Telecom, and OneNeck IT Solutions. TDS Inc. has been named to several Forbes lists, including America's Best Employers for Diversity, Best Large Employers, and Best Employers for Women. Visit tdsinc.com.
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