I think I might have pointed that out, too, back in 2010... that it wouldn't be the fraud in the filings, or the fraud being practiced against shareholders in the deal structure and in management violating fiduciary duties... but the fraud in pricing spectrum... that would be the undoing of the organized crime occurring here.
That was true in the prior transactions, and in the repricing that occurred in 2010... and it is true in the debtors filings re "value" that are an issue before the court today.
It is true that the judge has wide latitude in deciding the proper arrangement (or, re-arrangement) of the relationships re "value".
It is not true that the judge has the power to require the FCC to tolerate fraud in allocation (or, re-allocation) of spectrum.
JMHO