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  1. #1
    Dab's Avatar
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    advisor picked by Ajit Pai arrested for fraud.

    https://www.theverge.com/2018/4/16/1...source=twitter

    A broadband advisor selected by Federal Communications Commission Chairman Ajit Pai to run a federal advisory committee was arrested last week on claims she tricked investors into pouring money into a multi-million dollar investment fraud scheme, according to The Wall Street Journal.

    The advisor, Elizabeth Pierce, is the former chief executive of Quintillion, an Alaska-based fiber optic cable provider operating out of Anchorage. In her capacity as CEO, Pierce allegedly raised more than $250 million from two New York-based investment companies using forged contracts with other companies guaranteeing hundreds of millions of dollars in future revenue. Pierce resigned from Quintillion in August of last year, and she stepped down from her role in Pai’s Broadband Deployment Advisory Committee (BDAC) the following month.

    PAI PICKED PIERCE LAST YEAR TO CHAIR HIS NEWLY CREATED BROADBAND ADVISORY GROUP
    “As it turned out, those sales agreements were worthless because the customers had not signed them,” US attorney Geoffrey Berman said in prepared remarks, as reported by the WSJ. “Instead, as alleged, Pierce had forged counter-party 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.” Pierce was trying to raise money to help build out a fiber optic system that would wire Alaska with high-speed internet and better help connect it to networks in other US states. Pierce was charged with wire fraud last Thursday and faces a maximum sentence of 20 years in prison.

    Pierce was tapped by Pai in April of last year to be the chair of the BDAC, which he formed “to accelerate the deployment of high-speed internet access, or broadband, by reducing and removing regulatory barriers to infrastructure investment.” According to broadband industry news and advocacy website Stop the Cap, Pierce may have gotten on Pai’s radar by complaining about how cumbersome it was to bring internet access to parts of the country like Alaska.

    In a statement issued last week, Quintillion says it began cooperating with the Department of Justice as soon as allegations against Pierce surfaced last year. “Quintillion became aware of the situation regarding the alleged actions of Ms. Pierce last year, took swift action and self-reported to the Department of Justice (DOJ). Quintillion has been cooperating fully with the authorities during this ongoing investigation,” reads the company’s press release on the charges. The company goes on to say that “the ongoing investigation has not impacted Quintillion’s operations nor the quality of its services,” and that it “continues to move aggressively to extend its network and provide world-class telecommunications to Alaska and beyond.”
    Last edited by Dab; 3 Days Ago at 10:24 PM.
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  2. #2
    MrGotsSkillz's Avatar
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    lmao bwhahahahahaha

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  4. #4
    arunforce's Avatar
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    Bruh.

    He wasn't arrested, the person he picked for an advisor was.



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  6. #5
    spiritualZ's Avatar
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    Quote Originally Posted by arunforce View Post
    Bruh.

    He wasn't arrested, the person he picked for an advisor was.
    Still REKT.

  7. #6
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    Quote Originally Posted by arunforce View Post
    Bruh.

    He wasn't arrested, the person he picked for an advisor was.
    @Dab = Fake news


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  8. #7
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    Quote Originally Posted by Shadow View Post
    @Dab = Fake news
    Nope, news is real. His advisor got arrested like it says in the title.

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  9. #8
    Little Snow's Avatar
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    Click bait...
    I thought he was arrested.


  10. #9
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    Fake news?? I got hyped for a second..
    Been around these parts since '10.

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  12. #10
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    dude ur worse than CNN

    READS THE TITLE

    READS THE TEXT

    DOES NOT COMPUTE





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  14. #11
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    Time to apply to Fox news

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  16. #12
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    Meh, shame they didn't arrest him, still sth good.
    Reopened my Personal Steam Account Sale [lev 60][Ark, PUBG, CSGO, R6, GTAV and many more][162 games]

    Quote Originally Posted by Martin0802 View Post
    Reopening the sale.

    After selling the account on eBay(sadly) got scammed within the first day.. Almost got the money but pp tought that I don't deserve it.
    Now I got back the account but it got damaged by the scammer. The account now has an OW ban on CSGO
    I'm not happy about this, but at the same time I can't do anything about it.
    Because of it,
    the price is now 80$!
    I will only accept PP F&F!

    If you'd like I can show you proof that I did not just take back the account and get away with the money! I still have all the emails sent by eBay and PayPal about this, and also I made 2 threads in General about it, you can read the whole story there if you wish:
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  17. #13
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    Quote Originally Posted by Dave84311 View Post
    dude ur worse than CNN

    READS THE TITLE

    READS THE TEXT

    DOES NOT COMPUTE
    Me using this thread in official resume for CNN.
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  19. #14
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    trying to take khatab's place in shitposting i see
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  21. #15
    spiritualZ's Avatar
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    Quote Originally Posted by Mayion View Post


    trying to take khatab's place in shitposting i see
    Honestly, Dabs are rather interesting than Khatab's who posts how muslims are good guys, everyone else is bad

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