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LightSquared Being Investigated by Oversight Commitee

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Tuesday, 20 September 2011

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The House Oversight and Government Reform Committee confirmed it i slooking into information related to donations received by LightSquared , the satellite-based mobile broadband 4G network.  The panel is reviewing material brought to its attention regarding campaign donations from LightSquared to the White House.

The Washington Post is reporting that LightSquared may have received special favors from the White House or FCC in exchange for donations.

LightSquared is funded by billionaire Philip Falcone.  Of particular interest are the allegations that the Obama administration helped secure approval for the company's effort to build out the satellite based 4G Network.

After the Solyndra collapse that cost taxpayers 500 million, there might be interest to see in any wrong doing was done here (especially since Solyndra Executives are pleading the fifth).

 

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Last Updated ( Tuesday, 20 September 2011 )
 
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