Teletruth Files $8 Billion Against Big Telecom in Spectrum Auction Fraud

The following is a press release from Teletruth: "Teletruth, established in 2002, has been an amazing experiment in customer advocacy and there is no other group that has dedicated its focus to representing the rights of all telecom and broadband customers."

Wireless Spectrum Fraud by AT&T, Cingular (SBC & BellSouth), Verizon, T-Mobile and Sprint? Are these "Very Small Businesses"?Teletruth Estimates Over $8 Billion Was Pocketed through Deceptive Practices in Wireless Spectrum Auctions. FCC, SEC and Other Violations Need Investigation.

Upcoming (June 2006) Wireless Broadband Auctions in Jeopardy: Small Businesses Screwed.

"Teletruth today filed an $8 billion complaint alleging that Verizon, AT&T, Cingular (SBC, AT&T and BellSouth), T-Mobile, Sprint and others rigged the FCC wireless auctions by creating false fronts to pose as "very small businesses". This allowed these companies to secure valuable wireless spectrum at discounted prices. This Complaint was filed with the Federal Communications Commission (FCC), the Department of Justice (DOJ), the Securities and Exchange Commission (SEC), and various committees in Congress. . .""The story is simple. The FCC auctions off something called "Spectrum", which is used for wireless services, broadband services, television, radio, etc. Also known as the "airwaves", the American people own these airwaves and give licenses for the use of these airwaves. . ."

Read the rest of the press release here.

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