Iowa Senator cries "Foul" to LightSquared [telecom]

Falcone fiasco Billionaire tried to buy LightSquared OK: Sen. By KAJA WHITEHOUSE New York Post

New York billionaire hedge fund titan Phil Falcone's LightSquared 4G venture, in danger of not getting the nod from Uncle Sam, tried to buy the approval of a key lawmaker, according to a shocking letter the senator released yesterday.

Sen. Chuck Grassley (R-Iowa), who is leading a Capitol Hill inquiry into how the government came to give the project a partial approval, said a representative of LightSquared earlier this month promised a staffer that the lawmaker's support for the wireless program could cement a Midwest call center, "possibly in Iowa."

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Bill Horne
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