Florida CEO Sentenced in ‘Obama Phone’ Fraud Scheme — $128M Stolen

Florida CEO Sentenced in ‘Obama Phone’ Fraud Scheme — $128M Stolen

Who is Issa Asad? The 51-year-old CEO of Q Link Wireless just got sentenced to 5 years in prison — and slapped with a $128 million penalty — for one of the largest frauds involving the government’s Lifeline phone program.

It’s the same program that went viral in 2012 as the so-called “Obama Phone,” offering cheap or free mobile services to low-income Americans.

Between 2012 and 2021, Asad filed fake customer reports, made bogus claims for government payouts, and pocketed millions in Lifeline funds.

Then, he got caught laundering COVID relief funds too — using them for house construction, a Land Rover, luxury jewelry, and even his personal Amex card.

Now, Asad and his company must pay back $110 million to the FCC and another $17.5 million in criminal fines. Plus, he owes $1.7 million to the SBA for PPP fraud.

He’s already been in trouble before: In 2014, he was charged with murder after allegedly running over a man in a dispute over lawn care. He got probation.

This time, there’s no probation. Just prison bars.



🚨 This is one of the largest telecom fraud cases in U.S. history.

💬 Should more CEOs be prosecuted for abusing aid programs?

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Jim

Jim is a professional writer passionate about the latest news and celebrity updates. As a journalist at Nzip Media in New York, I bring you insightful and engaging content on your favorite stars and the entertainment industry. Join me for the freshest celebrity news and behind-the-scenes stories.

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