Telcom Fraud: The Previous Generation

theodp writes "Remember back in the day when telcom firms were charged with simple, good old-fashioned consumer fraud? AT&T and Lucent got a history lesson Friday, agreeing to a $300 million settlement related to claims that they used confusing billing statements to mislead consumers into paying lease charges for their home telephones, including the timeless rotary Traditional, that totaled many times more than the actual value of the phones."