Recover Billions of Dollars for Broadband in Your State
Adapted from an article by Bruce Kushnick, Feb 7, 2019 | Original Medium Article here.
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First, read PART 1: Verizon-NY, Hiding a $5 Billion State Telecommunications Utility that No One Even Knows Exists.
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Then return to PART 2: Recover Billions for Broadband in Your State
FOLLOW THE NUMBERS . . . FOLLOW THE MONEY
This treasure has been hidden deeply by the lawyers and accountants of Verizon, AT&T and the FCC. They have worked very hard to erase the history of what really happened, including the audit trail, but did not escape the sharp eyes of the IRREGULATORS.
Verizon-New York (Verizon-NY) is the only State Public Telecom Utility ('SPTU') still required to submit an annual report to its state. The FCC stopped publishing basic financial data in 2007 to cover all this up, and to cover up the real culprit — the FCC’s own accounting rules.
Recently, the acts of the FCC have attempted to steadily erase the remaining bits of the acounting trail and to absolve the Telecom Holding Cos. of massive wrong-doing — even more quickly. Let’s just start with the numbers presented:
DOWNLOAD: THE ACTUAL REPORT: Page 27 (the Treasure Map has been modified for clarity.)
The image, above, is a marked up excerpt of the Verizon NY 2017 Annual Report, published in June, 2018
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