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Nevada Internet Company Owner Pleads Guilty in $7.8 Million Theft From Federal Rural Broadband Project That Promised to Connect 4,884 People
The former owner of a Reno internet provider pleaded guilty Tuesday to laundering money he took from a federally funded broadband project in rural Lovelock, Nevada. Prosecutors say he moved more than $7.8 million into his personal account and then into cryptocurrency. The Agriculture Department's 2022 award of $27.15 million had promised to connect 4,884 people, 130 businesses, 22 farms and seven public schools.

Yossi Schmidt
8 hours ago3 min read
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