Ex-chair of FCC broadband committee gets five years in prison for fraud
Wow, pretty blatant stuff here. Forged signatures! But some of this could have been prevented. For instance, one of the defrauded equity investors was apparently promised a guaranteed 8% annual return, and was asked to wire money in advance of deal documentation [0]... both of which should have immediately been red flags.<p>Raw press release here. [1]<p>[0] Jensen complaint: <a href="https://s3.amazonaws.com/arc-wordpress-client-uploads/adn/wp-content/uploads/2018/04/27081106/03.0-Amended-Complaint-11-22-17.pdf" rel="nofollow">https://s3.amazonaws.com/arc-wordpress-client-uploads/adn/wp...</a><p>[1] <a href="https://www.justice.gov/usao-sdny/pr/former-ceo-alaska-based-fiber-optic-cable-company-sentenced-5-years-prison-defrauding" rel="nofollow">https://www.justice.gov/usao-sdny/pr/former-ceo-alaska-based...</a>