To be fair, I just was challenged to explain the significance of this development.
After some thought, the best I can come up with is that this is more “smoke” suggesting there’s a “fire”. i.e. Trump Appointees tend to surround themselves with people who are as corrupt as they are.
But in this case, there’s no evidence that Pai is in some way related to this wrongdoing. It’s just a character reference.
So this $250mm fraud is not on Pai. There is a lot that he’s on the hook for in his time as FCC chair, but let’s also remember that before he was appointed Chairman by Trump, he was appointed to the FCC by Obama (just not as chairman).