Thursday, June 01, 2006

TELECOMMUNICATIONS FRAUD -- "Lawyers for famed money manager Mario Gabelli are in talks (sub. req.) with the Justice Department to resolve civil-fraud claims arising from alleged use of sham small-business affiliates in federal auctions of cellphone spectrum."

More: "The government and defendants are involved in serious settlement negotiations, said Lanny Breuer, an attorney for Lynch Interactive Corp. and other Gabelli affiliates."