Soros reportedly invested in the telecom company LightSquared through a hedge fund, and many of the nonprofits he finances have backed LightSquared in regulatory and policy disputes. – Washington Examiner

By Timothy P. Carney at The Examiner

EXCERPTS:

In April 2010, the Public Interest Spectrum Coalition filed a petition with the Federal Communications Commission backing Harbinger’s business plans and met with an FCC commissioner on the matter. Four groups that belong to that coalition received six-figure gifts from Soros’ Open Society Institute the year before.

Six months later, those four Soros-funded groups — Free Press, Media Access Project, the New America Foundation, and Public Knowledge — filed a joint comment backing LightSquared in a related regulatory matter.

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