Eddie Floyd's K273AF License In Peril As FCC Launches Revocation Hearing
September 15, 2010 at 10:19 AM (PT)
The FCC has fined EDDIE FLOYD $500 for a late license renewal application for his FM translator K273AF/CARSON CITY, NV, and has launched a hearing proceeding to evaluate FLOYD's fitness to be a licensee due to his 2006 felony money laundering conviction, putting the sale of K273AF to WILKS BROADCASTING in jeopardy.
FLOYD pleaded guilty to a count of money laundering and another count of aiding and abetting a felony crime in a case in which FLOYD admitted to providing real property to a marijuana growing operation and swapping shares in his "NEVADA MATTERS" company to the pot grower in exchange for cash, which the court determined constituted money laundering. FLOYD was sentenced to 48 months in federal prison, and was released after serving almost three years.
An application was filed to sell the translator to WILKS in SEPTEMBER 2007, after FLOYD commenced his prison sentence, and the entity that filed the application on behalf of the parties answered "yes" on three occasions to a certification that "no adverse finding has been made, nor has an adverse final action been taken by an court or administrative body in a civil or criminal proceeding brought under the provisions of any law related to the following: any felony...."
The Commission has issued a show cause order asking FLOYD to show why his license should not be revoked, and has designated the sale of K273AF for hearing by an Administrative Law Judge.