Re: [WISPA] Broadband Company President Indicted on Federal Fraud Charges
Well what it looks like is that he created a straw company to capture additional profits and didn't spend the money as he should have. I can see this going two ways, one he did fraud, the other he seen a chance for versicle integration in the supply chain and used that to create a higher margin albeit with a separate company. Could have been a play on labor or supplies. All the facts are unknown, so it's hard to say except, hope the feds are mistaken. George Lonnie Nunweiler wrote: I have heard about this on a few lists. Nothing I read indicates that he refused to repay the loans, so how can there be fraud? Doesn't it just burn everybody that someone will commit fraud (supposedly) and then have the audacity to use those funds for payroll? Lonnie On 9/18/06, George Rogato [EMAIL PROTECTED] wrote: defrauding the U.S. Department of Agriculture of more than $1.6 million in connection with a $4.2 million loan related to the expansion of wireless broadband service to rural Minnesota. http://communitydispatch.com/artman/publish/article_6420.shtml -- George Rogato Welcome to WISPA www.wispa.org http://signup.wispa.org/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- George Rogato Welcome to WISPA www.wispa.org http://signup.wispa.org/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Broadband Company President Indicted on Federal Fraud Charges
George, As quoted from the article; After RUS unknowingly approved payment of the fraudulent invoice and transferred the appropriate loan proceeds to Stonebridge, Gowdy paid Mainstream by check. As part of the scheme, Mainstream then returned the funds to Stonebridge. Gowdy used those funds for various business purposes, including covering the Stonebridge company payroll. In addition, he often added the funds to legitimately-obtained money, using the commingled result for personal purposes. After reading the article I googled Mainstream Solutions and coincidently they are located on the same street. How is it only Stonebridge was in trouble for this? Who knows maybe we will here more about this. h... Regards, Dawn DiPietro NEW-ISP George Rogato wrote: defrauding the U.S. Department of Agriculture of more than $1.6 million in connection with a $4.2 million loan related to the expansion of wireless broadband service to rural Minnesota. http://communitydispatch.com/artman/publish/article_6420.shtml --- --- -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Broadband Company President Indicted on Federal Fraud Charges
Hello George, WOW! I helped Steve get through the USDA Broadband program when we got approved in the broadband pilot program. Barry Monday, September 18, 2006, 11:25:55 AM, you wrote: GR defrauding the U.S. Department of Agriculture of more than $1.6 million GR in connection with a $4.2 million loan related to the expansion of GR wireless broadband service to rural Minnesota. GR http://communitydispatch.com/artman/publish/article_6420.shtml GR -- GR George Rogato GR Welcome to WISPA GR www.wispa.org GR http://signup.wispa.org/ -- Best regards, Barrymailto:[EMAIL PROTECTED] -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
Re: [WISPA] Broadband Company President Indicted on Federal Fraud Charges
I have heard about this on a few lists. Nothing I read indicates that he refused to repay the loans, so how can there be fraud? Doesn't it just burn everybody that someone will commit fraud (supposedly) and then have the audacity to use those funds for payroll? Lonnie On 9/18/06, George Rogato [EMAIL PROTECTED] wrote: defrauding the U.S. Department of Agriculture of more than $1.6 million in connection with a $4.2 million loan related to the expansion of wireless broadband service to rural Minnesota. http://communitydispatch.com/artman/publish/article_6420.shtml -- George Rogato Welcome to WISPA www.wispa.org http://signup.wispa.org/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/ -- Lonnie Nunweiler Valemount Networks Corporation http://www.star-os.com/ -- WISPA Wireless List: wireless@wispa.org Subscribe/Unsubscribe: http://lists.wispa.org/mailman/listinfo/wireless Archives: http://lists.wispa.org/pipermail/wireless/
