Tag Archives: Brock Pierce

Brock Pierce’s Campaign Finance Report is Freaking Hilarious and Very Sketchy

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.

“Loans,” right.

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.

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The Sleaze-Adjacent (At Best) World of Richie Rich

We’ve met this guy before. Brock Pierce, child actor, failed gaming entrepreneur, wealthy cryptocurrency investor and possible independent candidate for Pat Leahy’s U.S. Senate seat. (He’s registered as a candidate but says he’s only thinking about it.) A later installment of this blog covered the mystery of whether he really lives in Vermont.

But now there’s a half-hour YouTube video that gets deep into the details of Pierce’s career, and boy, they are sketchy as hell. “The Bizarre Case of Brock Pierce” is by Georg Rockall-Smith, a Britisher who produces videos about strange-but-true stories. And he himself says that this is one of the strangest things he’s ever come across.

The short version is that wherever Pierce goes, he’s skirting the edges of the law and consorting with questionable folks. He never actually gets in trouble himself — partly because he’s bought his way out of legal scrapes — but over and over again, he winds up fighting lawsuits and hanging with the wrong kind of people. It happens so often that to call it coincidence beggars credulity.

The cast of characters in this video includes a convicted child sex offender, Steve Bannon, and Jeffrey Epstein. Yikes.

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Does Richie Rich Even Qualify for the Ballot?

Toto, I have a feeling we’re not in Vermont anymore

When last we considered Brock Pierce, former child actor, cryptocurrency skillionaire and newly-declared independent candidate for Pat Leahy’s seat in the Senate, we were comparing him to Rich Tarrant, another rich dude who thought he could waltz on in and grab an election all on his own.

Well, turns out there’s another parallel between the two tycoons. Like Tarrant, Pierce’s candidacy raises serious questions about legal residency.

Let us turn to the always reliable pages of the New York Post and an article about crypto fat cats who’ve adopted Puerto Rico as a tax haven. And there, right there, in front of his schmancy Caribbean pied à terre, is none other than Brock Pierce, “the de facto head of [Puerto Rico’s] crypto-championing movement.”

Why has the Isla del Encanto become a haven for newly-minted moneybags? Because of highly favorable tax laws that allow you to basically skirt American taxes without giving up your U.S. passport.

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The Reification of Richie Rich

Hey, remember when technology millionaire Rich Tarrant decided to run for U.S. Senate? The year was 2006. Longtime incumbent Jim Jeffords was retiring; then-U.S. Rep. Bernie Sanders ran to replace him. Tarrant entered the race as a Republican and spent big on a high-profile campaign that portrayed him as an Authentic Son of Vermont. Seven Days O.G. Peter Freyne dubbed him “Richie Rich” and uncovered the fact that Tarrant seemed to, um, live in Florida.

Tarrant’s candidacy was marked by heavy TV advertising and abundant missteps on the campaign trail. He ultimately spent $7 million on a race that saw Sanders edge him out by a mere 33 percentage points.

Well, Richie Rich is back — in spirit, not in the flesh. The new manifestation is Brock Pierce, the fellow pictured above. He’s filed papers as an independent candidate for the U.S. Senate seat now held by Pat Leahy. Pierce also seems to be on the Tarrant Track in terms of likely victory. That is, snowball’s chance in a hot place.

But he should provide some solid entertainment value if he commits to the race because his story is so damn weird that if he was a character in a novel, he’d be completely unbelievable.

How weird? Try child actor, failed entrepreneur, pedophilia allegations, Steve Bannon (!!!?!?!) and Bitcoin billionaire.

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