American Broadband and Telecommunications: Company faces $63M fine for misusing money to buy yacht, jet

TOLEDO, Ohio (AP) - Federal regulators are proposing a $63 million fine against an Ohio company they say bought a yacht and jet with money meant to help low-income people get phone and internet service. The Federal Communications Commission says Toledo-based American Broadband and Telecommunications Co. created fake accounts using the identities of dead people [...]