Tuesday, January 29, 2008

Newsday circulation case may get accounting expert

A federal prosecutor yesterday said the government may hire an accounting expert to independently assess how much money advertisers in Newsday and its former sister Spanish-language publication, Hoy, lost as a result of the newspapers' circulation scandal.

Eastern District Assistant U.S. Attorney Cynthia Monaco disclosed the possibility at a hearing in U.S. District Court in Brooklyn.

Yesterday's hearing was part of a planned series before U.S. Magistrate Steven Gold to determine how much money the nine people convicted of fraud in the scandal would be required to pay as restitution to advertisers when they are sentenced.

Read More Article...

No comments:

Outsource Bookkeeping Services Outsourcing Services