The Federal Communications Commission is looking into what may be an improper transfer of radio licenses concerning financier Daniel Zwirn and his $5 billion hedge fund, according to the New York Post.
Tama Broadcasting failed to make a payment on a $20 million loan from Zwirn and then the fund forced Tama into Chapter 11 earlier this year.
At the time, Tama’s then-CEO, Dr. Charles Cherry, told the FCC that Zwirn had transferred ownership of the licenses to itself — without commission approval.
