Opalesque Exclusive: U.S. group accuses Phil Falcone of 'buying' White House influence for his satellite broadband company
From Precy Dumlao, Opalesque Asia:
The National Legal and Policy Center (NLPC) has asked the House Committee on Oversight and Government Reform to investigate the Federal Communications Commission (FCC) for allowing Phil Falcone-backed LightSquared to use satellite airwaves to provide broadband services using spectrum for free. The NLPC alleged that Falcone may have bought influence with the White House by making large contributions to the Democratic Senatorial Campaign Committee (DSCC).
In his letter to the House Committee, NLPC Chairman Ken Boehm said Falcone took advantage of a loophole in the FCC guidelines that allowed LightSquared to receive spectrum for free while competitors have to pay billions of dollars.
What's suspicious with the FCC move to grant Falcone's company's request to drop a requirement that cellphones using satellite airwaves must be able to communicate with satellites, was that it came after the hedge fund manager, his wife, and his business partner made huge contributions to the DSCC.
Boehm presented White House visitor access logs which showed that Falcone and LightSquared CEO Sanjiv Ahuja met with the White House Chief......................
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