After Audit, RCN Must Pay City
This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such articles but will seek to correct any errors, mis-categorizations or other problems introduced during transfer.
RCN Telecom Services of New York is paying the city over a million dollars after failing to report large amounts of revenue over a seven year period. Comptroller Bill Thompson yesterday completed an audit of the company’s records from 1999 to 2005 and concluded that it had amassed a total of $26 million in unreported revenue, owing the city $1.8 million as a result. According to the comptroller’s office, RCN has already paid $1.3 million of the money requested by the city.
