The federal subsidy known as the “Obamaphone” or “Obamanet” program could be losing nearly $500 million to fraud annually, according to a top Republican on the Federal Communications Commission.
Commissioner Ajit Pai made the accusation Wednesday in letter to the Universal Service Administrative Company, referring to the FCC’s Universal Service Fund, which provides a monthly $9.95 subsidy for telecom service to low-income consumers.
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