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Alleged Ponzi Scheme Immunity if Perpetrated by a High-Ranking FCC Official
There can be no safeguarding of the public from Ponzi schemes, when the federal government itself allows high-ranking officials apparent immunity from prosecution if they're the ones sued for allegedly participating in them.
Case in point is protected FCC "Chief of Staff" Dan Gonzalez. Still under a 2007 suit for allegedly soliciting investors as part of a reported $54 million Ponzi scheme during the same time he worked in FCC Chairman Martin's office, the FCC's Dan Gonzalez never had to wear the Bernie Madoff monitoring bracelet, or remain under house arrest. Instead, as a top-ranking federal employee, he's been able to keep the 2nd most powerful job at the FCC since being sued for the alleged Ponzi activity! Thus, Gonzalez has continued to have oversight over everything voted on by the FCC Commissioners, and on preparation of all FCC's rulings - with full compensation (from the taxpayers) intact!
True, a $54 million Ponzi scheme may be a bug on the windshield compared to a $50 billion Ponzi scheme. But try telling that to the innocent investors who got bilked in the smaller Ponzi scheme (under the front name MCube Petroleum, on whose "board' Gonzalez reportedly served as a director). The trouble here is the double-standard. If Bernie Madoff had only been a high-level FCC official, he'd be allowed to practice his skills at alleged Ponzi scheming and still hold his job. And that stinks. A federal agency such as the FCC has no right to shelter those charged with investment fraud or Ponzi schemes such as Dan Gonzalez - while other federal agencies purportedly tell the public there will be zero tolerance for such conduct.
Phoenix Lawyers , Tulsa Lawyers
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S.E.C. Report Details Lapses i
