Brock Pierce, who forever will be known in these quarters as Richie Rich, is still kinda-sorta running as an independent for Pat Leahy’s U.S. Senate Seat. That is, if he can even qualify for the ballot. But running or no, Pierce did file a campaign finance report for the first quarter of 2022. And, having given it a once-over, all I can say is the Pierce proto-campaign is either a piece of performance art or some kind of scam, possibly both.
There’s one big thing that points to “scam”: Pierce claims total expenditures of nearly $600,000, but his itemized expenses add up to less than $200,000. The difference is unexplained. More on that later, but let’s start with his fundraising. Pierce’s campaign fund has netted more than $700,000, which seems eminently respectable; but $589,000 of that consists of loans to his own campaign.
Reminder for those just tuning in: Pierce is a former child actor turned failed entrepreneur turned cryptocurrency billionaire with a history of associating with pedophiles. There is no tangible evidence that he lives in Vermont.
Pierce’s donor base can be counted on the fingers of two hands. He’s got a total of 10 unique donors, none of whom live in Vermont and most of whom forked over the $2,900 maximum. They’re exactly the kind of folks you’d expect: crypto investors, venture capitalists, and stock traders. One of them, George Sellars, was Pierce’s partner in Tether, a sketchy firm that supposedly provides a stable platform for crypto trading. Another, Jason Dorsett, is a crypto investor and maybe also a pet psychic.
Okay, now let’s turn to Pierce’s truly profligate expenditures.Continue reading