Fiancier caught up in lawsuit over wireless spectrum sales
Mario Gabelli, a household name in the mutual fund business, has come under scrutiny for his involvement in radio spectrum deals made by small companies he has backed. Gabelli and others are named in a lawsuit that alleges he and affiliates got $90 million in federal discounts they weren't eligible to receive. At stake in the case are hundreds of millions of dollars in profits as well as the valuable wireless spectrum. Lanny Breuer, the defendants' lead attorney, says the allegations do not have merit.
Wall Street Journal, The
| 12/27
This story published in USTelecom dailyLead® on 12/27/2005
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