Sources: SEC [press release], [PDF; Charges [1 of 2]], [PDF; Charges [2 of 2]], WSJ
quote: Things have been going downhill fast for Philip Falcone. Mr. Falcone, a dedicated donor to President Obama, narrowly missed successfully using his monetary interest on the White House to push through a satellite LTE bid in the face of disastrous interference concerns.
quote: Really? The FCC did their job. Why was it 'narrowly'? There was an issue with non-military grade GPS systems. So, the FCC stopped it.