Ex-BDAC Chair Gets 5 Years in Prison
A federal court sentenced ex-Quintillion CEO Elizabeth Pierce to five years in prison after the ex-chair of the FCC’s Broadband Deployment Advisory Committee pled guilty to wire fraud and identify theft in a scheme to induce investors to sink more…
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than $270 million into her Alaska-based company's fiber network (see 1902120030). Pierce “placed her ambition above the law,” U.S. Attorney Geoffrey Berman for the Southern District of New York said Wednesday. Pierce's arrest in April 2018 (see 1804130055) led the Project on Government Oversight to seek an FCC investigation into her BDAC work (see 1804180038). The agency last year played down her role, and Chairman Ajit Pai told a lawmaker in the fall he and staff weren't aware of the DOJ probe before Pierce resigned as BDAC chair in September 2017 (see 1810040051). The FCC declined comment Thursday.