Whistleblower: Cogent Communications Stole Data Center Model from FNSI — Former CIO Confirms It in Recorded Call

WASHINGTON - June 17, 2025 - PRLog -- — Federal whistleblower David Koch has released new evidence implicating Cogent Communications in the concealed theft and deployment of an entire data center model built by Fiber Network Solutions, Inc. (FNSI), a company Cogent fraudulently acquired in 2003.

• "The five colocation centers I bought from you are profitable." —   Dave Schaeffer, Cogent CEO, to Kyle Bacon
• "Cogent didn't have a product to sell for these data centers that they bought from PSI." —   Kyle Bacon, former Cogent CIO
• "I took our data center model from FNSI — from FiberNet — packaged it up... and I said, 'Go sell the shit out of this,' because no one else is doing it." —   Kyle Bacon, former Cogent CIO
• "I didn't build anything new. I just took what we had at Fibernet..." —   Kyle Bacon, former Cogent CIO

The full new release includes:

A recorded March 13, 2024 call in which Kyle Bacon confirms that CEO Dave Schaeffer instructed him to deploy FNSI's pre-existing model across Cogent's failing PSINet assets — which had been losing over $150,000 per month.

A 2001 FNSI brochure, archived by the Internet Archive, which proves FNSI's infrastructure was already fully deployed and serving clients long before Cogent's acquisition of PSINet's distressed bankrupt remnants in 2002.

• Confirmation that Cogent's celebrated data center model was not homegrown, but rather a repackaged, stolen design.
• Detailed insider trading records showing that Dave Schaeffer began dumping shares on March 14, 2025 — the same day he received the whistleblower notice.
• To date, he has sold 966,500 shares, netting $47.5 million.

Read the full article and view supporting documents at:

https://fibernetworksolutions.net/news2.html