DISH Faces $24 Billion in Fines for Telemarketing Violations
You read the headline correctly. The Department of Justice and four states (Ohio, Illinois, California, and North Carolina) are going after the satellite television service provider, seeking $900 million in civil penalties and more than $23 billion in fines. The case centers around some 55 million violations of the Do Not Call Registry by a contractor working for DISH.
First of all, DISH Network has a market cap of around $22.5 billion. Second, as DISH is currently contending, the dollar figure tied to all of this is simply unprecedented. According to the Denver Post, laws against phoning people on do-not-call lists and using recorded messages allow for penalties of up to $16,000 per violation. So, do some simple multiplying, carry a few ones, add some zeros, and you’d find out that DISH, perhaps, is being let of the hook a little (16,000 x 55 million = 880 billion).