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Tag: cable

Cable Companies Probed for limits on Online Video

Steve Neavling
ticklethewire.com

The Justice Department has launched an anti-trust investigation into whether cable companies are acting improperly to hurt competition from online video, the Wall Street Journal reported.

Justice Department officials have talked to cable companies such as Comcast and Time Warner Cable about setting data caps and limiting how much a subscriber can download a month, The Wall Street Journal reported, citing people familiar with the matter.

Access to cheaper online video has hurt cable companies that offer more expensive cable TV packages in what is known in the industry as “cord cutting.”

The probe is shaking a tightly regulated industry and could change the future of new online video services.

NY Pastor With Cable Show Pleads in $3 Million Jewelry Fraud Scheme

gemBy Glynnesha Taylor
ticklethewire.com

A New York pastor with a religious cable television show pleaded guilty Wednesday in Manhattan federal court to bilking investors out of $3 million in a jewelry fraud scheme.

Samuel Solanky, 63, whose Asian Indian Christian cable show “Vandana”  was broadcast in the New York Metropolitan area and elsewhere around the world, told investors he would use their money to buy gemstones in India, the U.S. Attorney’s Office said.

He told investors he would then sell the gemstones to jewelers in the United States and promised them a 100 percent return on the investment in months, authorities said.

Unfortunately for the investors, he never bought gems and pocketed the money through a crafty scheme that often involved wiring the money overseas, authorities said. The scheme took place from 2005 to 2009.

Solanky agreed to a forfeiture of $3 million. Sentencing is set for Sept. 29 before U.S. District Judge Stephen C. Robinson.

The website National Jeweler, which reported on the indictment last year, said Solanky’s  website Vandana.org noted that the cable show was broadcast in  New York, Texas, Pakistan, India and all of Asia.  Solanky’s website no  longer appears to be functioning.