Last year, the CEO of Trillions, an Alaska company trying to build a cross-Arctic submarine, was accused and phone fraud, following the issuance of contracts to help raise more than $ 250 million from lenders. This week, Bloomberg post an amazing project about how the Chief Executive was nearly dismantled from fraud during his lifetime. It is a story about someone trying to prove themselves until it is too late – but a warning about desperation will lead people to make bad decisions.
Elizabeth Pierce is keen to build subway lines to make Alaska (and parts of Japan, the Pacific North, Greenland, Iceland, and London) more accessible. This is a noble cause. The Internet for most of Alaska’s countryside is slow and relies on expensive satellites, and the cable has made it easier for consumers. (Marine cables are being monitored by major technology companies. Microsoft and Facebook next of 4,000 miles of transatlantic cable, a Google has invested in others as well.)
In order to become a fundraiser for the project, Pierce must prove that he has completed the mortgage contracts. So, to show investors that the business was launching, he went straight ahead and signed the signatures of the contracts if necessary, worth more than a billion dollars. .
«You wanted to believe in the good deeds you were doing. How many people went to raise billions of dollars for projects in Alaska? “a trader said Bloomberg.
Pierce defended the veracity of the contracts with an iron fist, when he claimed to say to the buyer, “I am the only person in the Trillions who has approved or agreed to the sellers’ requests and alleged contract problems.He apparently kept his contracts to be “negotiated” on Google Drive.When he began to realize that his sentence had changed, he decided to give it a try. to remove it by moving dirt to its Google Drive.
Wondering again? Despite Pierce’s faults, the Trillions kept a better internet connection for some Alaskan people. Two other telecom companies have recently announced a multi-million dollar plan to lay the Arctic cable, making it impossible to compete in the new market.
The speak up it is necessary to read it all – it took 15 minutes.