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Former FCC Broadband Panel Chair Arrested For Fraud (dslreports.com)
An anonymous reader quotes a report from DSLReports: The former chair of a panel built by FCC boss Ajit Pai to advise the agency on broadband matters has been arrested for fraud. Elizabeth Ann Pierce, former CEO of Quintillion Networks, was appointed by Pai last April to chair the committee, but her tenure only lasted until September. Pierce resigned from her role as Quintillion CEO last August after investigators found she was engaged in a scam that tricked investors into pouring money into a multi-million dollar investment fraud scheme. According to the Wall Street Journal, Pierce convinced two investment firms that the company had secured contracts for a high-speed fiber-optic system that would generate hundreds of millions of dollars in future revenue.
She pitched the system as a way to improve Alaska's connectivity to the rest of the country, but the plan was largely a fabrication, law enforcement officials say. "As it turned out, those sales agreements were worthless because the customers had not signed them," U.S. Attorney Geoffrey Berman said in prepared remarks. "Instead, as alleged, Pierce had forged counterparty signatures on contract after contract. As a result of Pierce's deception, the investment companies were left with a system that is worth far less than Pierce had led them to believe." Quintillion says it began cooperating with lawmakers as soon as allegations against Pierce surfaced last year. Pierce was charged with wire fraud last Thursday and faces a maximum sentence of 20 years in prison.
True. However, it's important to point out that he was forced to select a Republican, by law. It's possible Ajit was the best of all the bad options.
Actually, I beg to differ.
The current Bozo and friends are, as expected, foolishly blatant and open about what they are doing.
This comes from a lack of political experience, and is actually rather refreshing.
The other mod were almost the definition of pure slick politics - where everything was hidden.
They only mad a few slip ups that got leaked out and tipped the balance, but they were certainly adept at playing kiss the baby while selling out your freedom.
Having a loudmouth idiot in charge can have benifits, and I would suggest is making the whole system less corrupt, not more, as it is at least being exposed and made obvious.