Broadband advisor picked by FCC Chairman Ajit Pai arrested on fraud charges

A broadband advisor selected by Federal Communications Commission Chairman Ajit Pai to run a federal advisory committee was arrested last week on claims she tricked investors into pouring money into a multi-million dollar investment fraud scheme, according to The Wall Street Journal.The advisor, Elizabeth Pierce, is the former chief executive of Quijntillion, an Alaska-based fiber optic cable provider operating out of Anchorage. In her capacity as CEO, Pierce allegeledy raised more than $250 mi