https://www.pcgamer.com/ajit-pais-former-fcc-broadband-advisor-arrested-on-dollar250-million-fraud-charges/

FCC chairman Ajit Pai once selected former Quintillion CEO Elizabeth Pierce to serve as one of the members of the Broadband Deployment Advisory Committee (BDAC), and now a year later she is being charged for allegedly forging contracts to swindle investors out of more than $250 million dollars.

According to US Attorney General Geoffrey S. Berman, Pierce convinced two investment companies that Quintillion had secured signed contracts from other investors for a high-speed fiber-optic network that would generate hundreds of millions of dollars in guaranteed future revenue.