Wednesday, September 3, 2008

John Mica Turns $15,000 into $1 Million (or two)

No it wasn't hard work, ...........it was taking advantage of a government give-away.

The giveaway
The man who said those words was former Federal Communications Commission chairman Mark S. Fowler, who was in charge of the giveaway. The date was March 30, 1985. Fowler was addressing a Senate subcommittee on communications, trying to get Congress to help him turn off the spigot of public money. It was a frustrating time for Fowler; nothing was done, and the result was a five-year opportunity for a few thousand sharpies in and out of government. Fowler’s welfare program was John Mica’s ticket to easy millions.

It was called the cellular telephone service lottery. On announced occasions, beginning in 1984, in a windowless room on the eighth floor of the FCC building, three big air-blown tanks full ofpingpong balls were activated as groups of 30 to 50 anxious players looked on. Like Meyer Lansky or a Wisconsin tribe, the federal government was in the gambling business. But players of FCC Cellular Bingo, unlike the naive pigeons of Vegas, placed their bets for free or nearly free.

And payoffs ranged from a few million dollars to hundreds of millions.


http://www.orlandoweekly.com/util/printready.asp?id=957