And this will get swept under the rug and ignored. No one will go jail, even if they should. When you're rich you can do what you want and ignore the laws. Lawyers will be paid to obfuscate and muddy the issue so much that you wouldn't even be able to prove the sky is blue when the sun is up on a sunny day. Ask OJ how that system worked for him.
Always. I've covered this beat for sixteen years and I've yet to see one of these boondoggles be seriously audited, much less anybody held actually accountable. Probably could have delivered gigabit connections to everbody in the country several times over by now on the funds we throw at these companies. Innocent until proven guilty of course, but there has been a lot of smoke coming from West Virginia on this subject for a very long time.
They did get Bernie Ebbers and Joe Nacchio...but I always thought they got busted for stealing from rich people. They don't like it when you eat your own.
But those were clearer examples of vanilla accounting fraud not involving subsidies. I was thinking of these kinds of state-supported subsidy-involved boondoggles where state players have some involvement. We certainly wouldn't want to implicate any state leaders in lending this type of fraud a hand.
Agreed. The CAF/USF and state agreements are so political that they bury the bodies deep. A token fine will be the penalty most likely if anything at all.
