VoIP-
Class Action and Antitrust Lawsuits Filed Against Major Telcos Now Reaches a Historical $346.86 Billion
Case 1:24-
Introduction by Bud Wayne
This is my third editorial covering VoIP-
RACKETEER INFLUENCED AND CORRUPT ORGANIZATIONS ACT (RICO)
The RICO Act, enacted in 1970 as part of the Organized Crime Control Act, was designed to combat organized crime and hold accountable those involved in systemic racketeering activities. Before its introduction, law enforcement faced significant challenges prosecuting high-
Over the years, RICO's broad scope has evolved to address corporate misconduct and systemic fraud across legitimate industries, extending far beyond its original intent. It has become a critical mechanism to dismantle coordinated and deliberate schemes within corporations, imposing both civil and criminal penalties on those who orchestrate or tolerate systemic wrongdoing.
As VoIP-
"The Racketeer Influenced and Corrupt Organizations Act (RICO) imposes heightened accountability on the executive teams, general counsels, and directors of the Defendants who knowingly participate in, facilitate, or fail to act against racketeering activities within their organizations. RICO's civil provisions under 18 U.S.C. § 1964(c) enable private parties to recover treble damages and seek injunctive relief directly from individuals, effectively piercing the corporate veil when misconduct is systemic and intentional."
By invoking RICO, VoIP-
The Unchecked Profits of AT&T, Verizon, and T-
"AT&T, Verizon, and T-
These telecom giants' massive profits have come at a cost—a cost borne not by innovation or progress but by their customers, who are treated as unpaid infrastructure providers. This exploitation, masked as business strategy, has turned consumer trust into a commodity to be drained. Their staggering revenues reveal a damning truth: these profits are fueled by deception, monopolistic practices, and a disregard for fairness.
The Core of the Complaint: Fraud and Misrepresentation
At the heart of VoIP-
"The carriers' deliberate misrepresentation of Wi-
Subscribers were required to initiate Wi-
The complaint exposes a systemic strategy to exploit subscribers by leveraging their personal internet infrastructure without acknowledgment or compensation. It is a scheme rooted in fraud, designed to suppress competition and lock consumers into an ecosystem where their resources become corporate profits.
Exclusive Interview with VoIP-
In an exclusive interview, Emil Malak, CEO of VoIP-
Q: Do you realize how serious a "RICO" complaint is?
A: I do, and I had no option. My shareholders have suffered enough.
Q: What do you think the reaction of these Goliaths will be to being labeled as racketeers?
A: Hopefully, it will wake them up and encourage them to settle with VoIP-
Q: VoIP-
A: An excellent team. You are only as good as your team, and we have no option but to keep going. It's simple: either we give up or we defend our technology—and giving up is not in our DNA.
Q: But they will never settle; especially now with RICO—you've declared war.
A: No. War can easily be turned into peace; we can become the carriers' best friend.
Q: Explain how.
A: Remember, VoIP-
Q: You have added the general counsels and all the directors in your complaint. Isn't that being vindictive?
A: I have nothing personal against these individuals. My hope is that everyone involved realizes it's time to settle out of court. VoIP-
Q: The carriers will accuse you of being litigious. Why have you shifted from patent courts to Antitrust, the 1999 Telecommunications Act, and now RICO?
A: The America Invents Act (AIA) is unconstitutional. It allows large companies to infringe and litigate smaller innovators into bankruptcy.
Q: Unconstitutional is a strong allegation against the AIA Act. Can you elaborate?
A: Yes. The stacking of PTAB judges, ex parte reexamination requests over a decade after patents were allowed, and the accessibility of IPRs to anyone create an unfair system. More importantly, the PTAB acts as both judge and jury, eliminating due process. Silicon Valley got exactly what they wanted: stifled innovation and a tilted playing field.
Q: So, why use Antitrust, RICO, and the 1999 Telecommunications Act?
A: We had to think outside the box and leverage the appropriate laws to fight back. These laws exist for a reason, and we're using them to restore fairness.
Q: Are you not worried about your security? There are too many crazy characters out there.
A: Of course I am. But in life, you have to do what is right. The sooner we settle, the better for everyone—including my safety.
Q: You have over 30 patents, quite an achievement. What's next?
A: In today's world, receiving a patent from the USPTO is no longer the asset it once was for small inventors or start-
Q: What do you mean by a burden or liability?
A: Small inventors and companies are up against tech giants—Silicon Valley and telecommunications Goliaths—who have endless resources. Fighting these corporations for years, even decades, is not just challenging; it's unsustainable.
Q: Who or what do you hold responsible for this?
A: The America Invents Act (AIA) was crafted to favor big corporations and suppress small inventors. Lobbyists succeeded in pushing through a "pay-
Q: What are your thoughts on the future of computer-
A: Honestly, I see a troubling future for computer-
Q: You are passionate about Artificial Intelligence. Why?
A: Over three years ago, I wrote an op-
Q: So, what's next for inventors like yourself?
A: There's always hope. Never give up. Innovation requires perseverance. It has taken VoIP-
Q: Your shares are down to below one cent. What's next?
A: As the CEO, I believe our shares are terribly undervalued, and I see tremendous potential for growth ahead. Of course, I'm biased, but I truly believe that with persistence and the resolution of our legal battles, the market will eventually reflect the real value of VoIP-
Conclusion: The Goliaths Unmasked, Justice Must Prevail
VoIP-
The facts speak for themselves:
They have manipulated subscribers into subsidizing their operations.
They have suppressed fair competition and innovation.
They have masked systemic fraud under the guise of "free services."
This is no longer just a legal battle—it is a fight for accountability. By invoking RICO, VoIP-
The time for corporate impunity is over. The Goliaths have been unmasked. Justice must prevail.
NOTE: This content is not the view of nor endorsed by CEOCFO Magazine or its advertisers.