SURG - stevehemingway/trading GitHub Wiki

tags: analyst/bird-dog-research thesis/fraud ...

Bird Dog Research, a new activist, published on SurgePays (NASDAQ: SURG — $75 million), a wireless communications and payment services company focused on low-income consumers. Bird Dog alleged the company was “abusing the Affordable Connectivity Program” of the FCC, which provides broadband service reimbursements for some U.S. households. Specifically, Bird Dog alleged the company was engaged in misleading marketing to consumers about the program and would use commissioned agents that offered “free tablets” billed to the U.S. government in violation of FCC rules. Bird Dog added that the company’s CEO, Kevin Brian Cox, “has a history of allegations involving abuse of FCC programs” including a 2014 indictment for “wire fraud, false claims, and money laundering for a scheme to defraud the FCC Lifeline program of $32 million.”