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KTUU is reporting that the woman picked by FCC Chairman Ajit Pai, was arrested last week on fraud charges. Elizabeth Peirce, former CEO of Quintillion, allegedly duped two New York investment companies into putting up $250M to invest into Quintillion, based on contracts she had forged. Sit down, have a big cup of coffee, and think about that for a moment.
Elizabeth Pierce, former CEO of Quintillion, has been arrested on April 12, 2018 for fraud charges. In that scheme, former CEO Elizabeth Pierce, 54, is accused of defrauding two investment companies over the course of two years, tricking them out of hundreds of millions of dollars. The scheme allegedly started with Pierce lying to investors and forging signatures, and eventually unraveled when people looked harder at some of the invoices. After they finished their investigation, federal authorities arrested Pierce Thursday morning in New York.
Elizabeth Pierce, former CEO of Quintillion, has been arrested on April 12, 2018 for fraud charges. In that scheme, former CEO Elizabeth Pierce, 54, is accused of defrauding two investment companies over the course of two years, tricking them out of hundreds of millions of dollars. The scheme allegedly started with Pierce lying to investors and forging signatures, and eventually unraveled when people looked harder at some of the invoices. After they finished their investigation, federal authorities arrested Pierce Thursday morning in New York.