Dean Olmstead, David Rayner, EchoStar Corporation on TerreStar Board - See any Conflicts of Interest HERE?

"In February two EchoStar executives, Dean Olmstead and David Rayner, resigned from TerreStar’s board of directors without explanation."

http://www.bizjournals.com/denver/blog/boosters_bits/2010/10/could-a-sat-firms-bankruptcy-serve-up-w.html

Was this to appease some SEC Rule or an FCC Rule Or ???

Resources to Post

http://www.satellitetoday.com/twitter/33137.html
"[Satellite TODAY 01-11-10] TerreStar has informed the U.S. Federal Communications Commission (FCC) that EchoStar President Dean Olmstead and EchoStar CFO David Rayner are leaving TerreStar’s board, effective Dec. 31, 2009. TerreStar told the FCC that Olmstead and Rayner’s decisions were not based on disagreements with TerreStar policy, according to documents filed with the FCC on Jan. 4. TerreStar’s board said it would consider filling the vacancies at a later date. In February 2008, TerreStar secured loans for TerreStar-2 from EchoStar Corp., Harbinger Capital Partners Master Fund and Harbinger Capital Partners Special Situations Fund. " (So was EchoStar - Harbinger in on this together and stalled the Bankruptcy because of all the Conflicts of Interest and SEC or FCC Rules?)

Did Dean Olmstead and David Rayner because of something Illegal or Conflicted in them both being associated with EchoStar Corporation ?

"New members joining both boards include:

• Eugene I. Davis, Chairman and Chief Executive Officer,
  Pirinate Consulting Group, LLC
• Dean Olmstead, President, Satellite Services, EchoStar Corporation
• David J. Rayner, Chief Administrative Officer, EchoStar Corporation "

Source of Above Quote
http://www.terrestar.com/press/archive/20080221.html

"Jan 14, 2010... Commission (FCC) that EchoStar President Dean Olmstead and EchoStar CFO David Rayner are leaving TerreStar s board"

http://www.satellitetoday.com/twitter/TerreStar-Receives-ATC-License-from-the-FCC_33175.html

David Rayner

"In June 2010, David Rayner was appointed as EchoStar's Chief Financial Officer. Prior to that, he served as our Chief Administrative Officer since the spin-off of EchoStar from DISH Network on January 1, 2008. Mr. Rayner also has served as Executive Vice President of Installation and Service Networks of DISH Network and had previously held the position of Chief Financial Officer of DISH Network from December 2004 to September 2006. Before joining DISH Network in December 2004, Mr. Rayner served as Senior Vice President and Chief Financial Officer of Time Warner Telecom in Denver beginning in June 1998. He received his bachelor's degree in Accountancy from Northern Illinois University."
http://sats.client.shareholder.com/management.cfm?&SH_No_JavaScript=yes

So David Rayner is Connected to Time Warner Inc. - Wonder if David Rayner knows anything about Curtis Lu, Lightsquared - the Ex Time Warner General Counsel and the 13 Trillion Dollar iViewit Technology Theft by Time Warner Inc. ????

http://www.curtislu.com/2011/02/curtis-lu-senior-vice-president-and.html

http://www.curtislu.com/2011/02/curtis-lu-time-warner-inc-general.html

Much More on all this Coming Soon, including ANY connections to anyone at Harbinger Capital or Lightsquared with Dean Olmstead or David Rayner.

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Crystal@CrystalCox.com

Crystal L. Cox

Investigative Blogger