CEO of Florida Telecom Company has been declared five years for stealing $110 million from the government
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Florida telecommunications company owner has been sentenced 5 years prison After pleading guilty to stealing from a federal program after being dubbed non-off-chic with “Obama Phone,” which provides discounted phone services to low-income customers.
Q Link Wireless LLC and its 51-year-old CEO Issa Asad pleaded guilty last year to committing a WIRE scam and conspiring to steal government money from the Lifeline program. The program, which was launched in 1985 and expanded under Obama, offers grants Mobile phone services To the poor. It was heavily criticized when the viral video emerged in the 2012 election, claiming that she and all her friends were given “Obama phones.” Some telecommunications companies with lifeline contracts I’ve accepted the terminologyThe government didn’t do that.
ASAD was sentenced to five years in prison, and both he and the company were ordered to pay financial penalties and compensation, and to pay more than $128 million in total.
Separately, Assad pleaded guilty to doing laundry from a government loan program aimed at supporting businesses struggling during the Covid-19 pandemic.
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Q Link Wireless LLC CEO Issa Asad and his company pleaded guilty last year to conspiracy to fraudulent US government programs. (Photo illustrations via Pavlo Gonchar/SOPA Images/Getty Images/Getty Images)
Under the plea agreement, ASAD and Q Link have agreed to pay the Federal Communications Commission almost $110 million in reparations. ASAD also paid nearly $17.5 million in criminal penalties for the proceeds received from Q Link’s phone service scheme.
According to the DOJ, this was one of the largest financial penalties in the history of the FCC.
Assad also paid more than $1.7 million in restitution to SMEs managers for the proceeds from the laundry loans his company received from the Paycheck Protection Program (PPP). During the pandemic.
DOJ said he used PPP money to build at his home and granted Land Rover payments, his personal American Express card, property taxes, jewelry and donations to the university.
This was one of the biggest financial punishments in the history of the FCC. (Getty Images/Andrew Haller via Getty Images/Bloomberg)
Asad and Q Link have admitted to court a scheme that fraudulently violates the FCC’s lifeline program.
The scheme involving ASAD came when ASAD and QLink provided false information about Lifeline customers and repeatedly made false claims against government refunds between 2012 and 2021. They also confessed to maintaining the Lifeline Fund that they have no right to receive and deceive FCC about compliance with the company’s program rules.
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Issa Asad and Q Link admitted that they deliberately conspired to fraudulent FCC programs between 2012 and 2021. (Reuters/Andrew Kelly/Reuters Photos)
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According to the Miami Herald, Assad has a criminal history and was charged with murder in 2014 in connection with driving a ground keeper in his business after a dispute that paid $65 for lawn services.
He later did not plead for a dispute over misdemeanor negligence, and was slapped on one year of probation and ordered to pay a $225 fine.