Internet Provider Clearwire Accused of Running 'Bandwidth Ponzi Scheme'

clearwire ponzi scheme
clearwire ponzi scheme

Clearwire Corporation is facing a class-action lawsuit accusing the wireless Internet service provider of "throttling" access speeds to slow them to dial-up levels and demanding early termination fees from dissatisfied customers who cancel their service.

Clearwire touts itself as a leading provider of high-speed, 4G mobile broadband services that reach more 119 million people in more than 70 U.S. cities, serving 4.4 million. Throttling involves limiting a user's bandwidth, or data flow, to avoid network congestion.

Originally published