Dish CEO Charlie Ergen is known as a great poker player, but not good enough to overcome a weak hand that has now resulted in a potentially devastating blow to his business.
FOX Business has learned the Federal Communications Commission ruled unanimously Tuesday night that Ergen improperly bid on $12 billion worth of wireless spectrum back in 2015, and received a $3-plus billion discount through a government program designed to benefit small businesses. Ergen bid on the spectrum not through Dish Network, a massive satellite and soon-to-be 5G carrier, but through an outfit known as Northstar Wireless, which he has a stake in.
