Leap Wireless International is a public telecommunications company that provides wireless services through its subsidiaries, Cricket Communications and Jump Mobile. It was founded in 1998 and was built on the premise of unlimited services with no contracts and no credit checks. (Wikipedia)

It is trading on the NASDAQ for $10 per share. JP Morgan downgraded Leap to underperformed. According to Notable Calls: at http://www.istockanalyst.com/article/viewarticle/articleid/3841795, Leap Wireless International may be in the market for an acquisitioner. If this is the case, than it is likely there will be some changes made in the two subsidiaries if such a deal is in the plan.

This may be why Cricket Communications is resorting to acts of fraud and deception. For it is certain their future hangs in the balance, and maybe even the life of the company itself.  

Also, Leap Wireless International has been charged with inflating its stock on the NASDAQ, in December 31, 2004. (DOCKET NUMBER: 02-CV-2388) It seems,
nine securities class action lawsuits were filed against Leap, and certain of its officers and directors, in the United States District Court for the Southern District of California on behalf of all persons who purchased or otherwise acquired Leap’s common stock from February 11, 2002 through July 24, 2002.

The possibility of Leap Wireless International and its subsidiaries colluding does not sound unreasonable a behavior. After all, with an uncertain economy all across the US and the world, Darwin’s theory of survival of the fittest would apply at any costs. For if they are going down I believe they plan to take everyone they can with them. As for Cricket communications, complaints can be found at many blogs about their services and attempts to defraud wireless patrons by deceptive online payment schemes.  

I have reported this to the Attorney General of Ohio and will follow up with a complaint with the FCC and BBB. Anyone having any problems with Leap, Cricket or Jump Mobile should do likewise.