A broadband adviser 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 multimillion-dollar investment fraud scheme, according to The Wall Street Journal.
The adviser, 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.
The very fact that you're reading this means that you have access to some form of Internet connectivity. In fact, everybody and their uncle is online in this day and age of dime-a-dozen ISPs and the all pervading reach of mobile Internet. Unfortunately, providing bandwidth and requisite infrastructure and procuring necessary licences is a Herculean effort involving a phenomenal amount of investment. This means only big corporate entities can take up the expensive proposition of connecting you to the repository of collective human
consciousness that we know as the Internet. Unfortunately, large corporate entities tend to squeeze every single paisa out of their customers and generally use their army of lawyers to tweak the fine print to the consumers' detriment.
The adviser, 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.
The very fact that you're reading this means that you have access to some form of Internet connectivity. In fact, everybody and their uncle is online in this day and age of dime-a-dozen ISPs and the all pervading reach of mobile Internet. Unfortunately, providing bandwidth and requisite infrastructure and procuring necessary licences is a Herculean effort involving a phenomenal amount of investment. This means only big corporate entities can take up the expensive proposition of connecting you to the repository of collective human
consciousness that we know as the Internet. Unfortunately, large corporate entities tend to squeeze every single paisa out of their customers and generally use their army of lawyers to tweak the fine print to the consumers' detriment.
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