- 2004
SEC found that, to try to meet analysts’ expectations for subscriber growth and depict itself as a growing company, respondent engaged in two improper accounting tactics. In the first, to inflate its subscriber numbers, the company stopped its usual practice of disconnecting the services of delinquent paying customers and customers who had requested termination. In the second, the company entered into essentially offsetting contracts to pay more for set-top boxes while the suppliers would purchase advertising in equivalent amounts to the increase.
