steal from the rich etc.

Tea Party People Bilked of $19 Million With Phony Wingnut TV Scheme

Nothing can go wrong!A group of Tennessee conservatives say they were easily bilked out of $19 million because some guy said, “Hey give me all your money and I will make a Tea Party TeeVee Network, all about your favorite subject: yourselves.” And then the guy allegedly took the money and ran, and now the Tennessee teabaggers are suing him because they are “judicial activists.” One of the dupes is/was Michele Bachmann’s state campaign finance director, so it’s good to know that Bachmann maintains her high standards nationwide. And even at the reduced-expectations definition of a “television network” in 2011 — a website with a video plugin — the “Tea Party HD” scam was magical. According to the lawsuit, “It was an investment scheme to defraud politically conservative-minded citizens who support the Tea Party mission.” Sucks to be a sucka!

The Tennessean reports this morning:

A group of Middle Tennessee conservatives is suing a California businessman for $19 million, claiming he tricked them into investing in a sham business idea for a television network devoted to the tea party movement.

Among those suing is Bill Hemrick, the Brentwood millionaire who is the Tennessee financial director for Republican presidential candidate Michele Bachmann. Hemrick has been active in tea party circles in Williamson County, helping to organize the National Tea Party Convention in Nashville in 2010 that was headlined by Sarah Palin. He worked briefly raising money for presidential candidate Herman Cain.

With a resume like that, how could this guy not be easily duped?

Anyway, Tea Party HD director Anthony Loiacono is the new Robin Hood. Loiacono apparently hasn’t formally responded to the lawsuit, but sent the newspaper a press release challenging Bill Hemrick to a lie-detector contest on … Tea Party HD teevee. [The Tennessean via Southern Beale]

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277 comments

    1. BerkeleyBear

      THE MARKET HAS SPOKEN! (sure it said "fuck you" and laughed, but still, a message is a message, right?)

    2. riverside68

      That is soooo true. The Invisible Hand is going to make sure Tea Party HD never gets another dime from Bill Hemrick.

      That's the way it works. Litigation is for whiners, suck it up Bill.

    3. mourningnmerica

      This is just the free market speaking. This story is nothing that tax cuts and less regulation wouldn't remedy. Go free market !!!

    4. caitifty

      And besides, I thought they were anti-government. Who the fuck do they think provides those courts for them to go suing people in?

  1. Lascauxcaveman

    I feel for those conservative investors. I invested heavily in that TV show starring the GEICO cavemen. It seemed a like such a sure thing.

    Still don't know what went wrong :(

  2. Fukui_sanYesOta

    Next on Tea Party HD : Why regulations are bad and the free market should decide its own level! Featuring a laughing Bill Hemrick.

          1. Chillwaver

            You're right:

            Marcus = "Maneater"
            Newt = "She's gone"
            Megs McCain = "Rich Girl"
            Shelley = "Your Imagination"
            Mittens = "I Can't Go for That (No Can Do)"
            Herm = "Did It in a Minute" and "Kiss on My List"
            Perry= "It's a Laugh"

            Hell, the whole GOP Field is a Hall & Otes Tribute!

          2. Chet Kincaid

            If the label hadn't been scared shitless by the Fripp-produced "Sacred Songs", Hall could have been the next Peter Gabriel instead of the previous George Michael.

  3. Barb

    "It was an investment scheme to defraud politically conservative-minded citizens who support the Tea Party mission.”

    I didn't think that "conservative-minded" people toss cash around like that.

    1. memzilla

      "I didn't think that 'conservative-minded' people toss cash around like that…"

      Sure they do… if it's OPM (Other People's Money).

    2. V572625694

      It's possible that some donors are "remembering" larger donations than they may actually have made. Same way they do when their SUVs get stolen: "My golf clubs and my wife's mink coat were in the back!"

    1. mourningnmerica

      OT sorta, but… Actually, gold is under priced right now. It's paper money that is in a bubble. Europe is printing up a fresh trillion as we speak. Even a broken clock (Glen Beck) is right every once in a while. I know that the gold ads are on am radio and all, but that shit has gone up eleven years in a row. The big move up is yet to come. I encourage all Wonketeers to study the subject in depth. The dollar is doomed. Metals are the place to be. Gold will be $2500 shortly.

        1. mourningnmerica

          Bot, I love your comments. I'm a big fan. But Glen Beck has nothing to do with the price of gold. Americans buy very little. The Chinese and Indians are the biggest consumers. Gold goes up because of the destruction of fiat currencies. In most times gold is only good for jewelry. But not now. World currencies, especially the dollar, are being destroyed by basically printing an endless supply. You can't do this. The dollar will fail altogether, soon. Gold and silver are the only permanent forms of money. The only permanent stores of value, throughout history. This is why they are going up now, as the US (and other currencies follow our lead) print new money into worthlessness. Study the Wiemar Republic. Google hyperinflation. It's coming. Finally, there is a bubble when everybody owns or wants to own something. This absolutely has not happened with PHYSICAL metals (the ETFs are rife with fraud). When it does, gold is going to at least 3K to 5K, unless they find a way to outlaw ownership. Please check this out, spend some time studying it. It is a really horrifying scenario, and we all need to be aware of the big picture.

      1. V572625694

        Only one example: the Georgia Hope Scholarship program, which uses lottery take to finance college scholarships at state schools for any GA kid with a B average or better.

        Well, okay, government-run lottery plus state schools ≠ free market. But if you're going to tax anything, stupidity is a good place to start.

        1. Chichikovovich

          The free market would never systematically erode its customer base like that. I hope these Hope Scholarship students are at least prohibited from taking statistics or probability courses.

  4. x111e7thst

    How did they even manage to pull themselves away from all the free tranny-porn on the internets to fall for this thing?

    1. Biel_ze_Bubba

      They got this really legitimate-sounding email from some stranger in California, who only needed $19 million ….

  5. GregComlish

    It's almost as if the entire Tea Party are a bunch credulous morons easily manipulated by anybody who tells them what they want to hear.

  6. Fare la Volpe

    A sham business idea for a television network devoted to the tea party movement.

    Hey, that's not a nice thing to say about FOX News.

  7. McRibzgood

    “You are watching Tea Party HD. Bringing you stupid and TruckNutz in crystal clarity"

    -James Earl Jones Voice Over-

  8. Clancy_Pants

    "…claiming he tricked them into investing in a sham business idea for a television network devoted to the tea party movement."

    They should have know "Comedy Central" was already taken.

  9. Goonemeritus

    How did they expect this venture to breakout in such a crowded space anyway. They would be going head to head with Fox and pay per view slasher porn for the same demographic.

  10. SorosBot

    So for once, a scam artist has used his powers of deceit for good and proven himself to be a hero. California businessman, we salute you.

    1. Biel_ze_Bubba

      And he did it without announcing his candidacy for the GOP presidential nomination? Bonus points for creativity!

    1. SayItWithWookies

      Nooo! Horrible people are perfectly capable of scamming other horrible people, in much the same way that some garden pests eat other garden pests. All I'm saying is, there's no reason to jump to conclusions.

      1. OccupyFnChicken

        Maybe it's better to ask "Where can us atheists worship, so we may also suck each other's dicks over how little God there actually is?"

  11. Callyson

    Hemrick and the other investors now claim in the lawsuit that Loiacono never kicked in his own promised investment and used the plaintiffs’ money as his own “personal bank account” to pay himself, his family members and his business, Heads & Tails Inc.
    Heads & Tails?!? They couldn't see through that one?
    Heads I win, tails you lose…

    1. Not_So_Much

      Saw him on Maher this past week. He barely looks humanoid any more. He and Sylvester Stallone must be using the same punch-card based plastic surgeon.

  12. Schmannnity

    Damn, I was looking forward to some quality programming on TPTV. It all sounded so promising–Squirrel Fry with Jimmy Bob Doaks, Hoverround Derby, and Hee Haw reruns.

      1. Fare la Volpe

        How dare those home-schooled Asian kids and their elitist "spelling" tell us what to do! DON'T TREDD ON ME!!

        1. DustBowlBlues

          Thanks to you and V93284792893nds983d9e83 I now know more than I used to know. Or wanted to know.

    1. BaldarTFlagass

      An hourlong program showing nothing but Charlie Daniels, Hank Williams Jr, and Ted Nugent videos! Bonus: the program will be hosted by Charlie Daniels, Hank Williams Jr, and Ted Nugent!

  13. memzilla

    Who here is willing to bet that the Tea Klux Klan will blame Too Much Gummint Reggalashun for this? Morans.

  14. JackDempsey1

    I'm disappointed.
    I wonder how this network would have handled the conundrum of a weather "forecast."

    1. Biel_ze_Bubba

      Standard-issue NOAA forecasts, followed by … because God wanted to [reward/punish] [relevant geographical area] for [hating/not hating] gays.

    1. anniegetyerfun

      No, but the Obama administration FORCES SMALL VETERAN-OWNED BUSINESSES to invest in black people and abortion. Or something. And that's why this happened.

      1. Biel_ze_Bubba

        Not too many NOVA reruns. Heavy on content leased from the Fishing Channel. (I'm assuming, with a fair degree of confidence, that there is a Fishing Channel.)

  15. Dok-cupy Everything

    There's some sort of ironic parable in here about the free market and gullible investors, but I'll be darned if I can tease it out…

    Wait a minute, were any of these investors black?

    1. Lascauxcaveman

      Probably not many, but I bet a lot of them were old and naive. You don't want to hear how much of my mom's inheritance went down the College Rebublicans' constantly flushing toilet of of fundraising letters before my uncle got power of attorney over my grandmother's bank accounts.

  16. UnholyMoses

    Now these assholes know what middle class and poor folks feel when conservative policies are put into place.

    I believe this is what my dictionary defines as "karma."

    1. DustBowlBlues

      FTW (I'm assuming the hipsters use this shorthand to say, For the Win. If I guessed wrong, excuse me. I hope I didn't just type something that might imply I approve of the use of profanity. As all the wonkeratti know, that's just not my style.)

  17. SorosBot

    The idea of creating a "tea party network" when it already exists in the form of Fox "News" is silly on its own.

  18. SayItWithWookies

    The lawsuit accuses Loiacono of “corporate waste, misappropriation of funds, self-dealing and fraud” and requests $19 million in punitive damages in addition to the return of the plaintiffs’ investments.

    Oh, so the plaintiffs aren't in favor of capping punitive damages when they're the aggrieved party, apparently. The teabaggers ought to rethink their tort reform ideas now that they're devolving into a bunch of rich frauds scamming money out of their rich friends and all suing one another.

    1. dennis1943

      And the original amount was $287.500………..$19,000.000 would represent a helluva return on investment……….

  19. friendlyskies

    They want the government, with its legal framework, to protect them from naked capitalism? Imagine that.

        1. DustBowlBlues

          If you and generation were on a faux newz blog, the teabaggers would be accusing you of being elitists. Good thing you're on wonkette, with all the under and unemployed history majors.

    1. DustBowlBlues

      I pronounced the winner too soon. This is a great thread with many, many bests.

      How I've missed the "my" wonket while I've been play acting a hard-working, church going middle american. Fuck that shit, anyway. Wonking has never left me with aching joints and a neck so fucked up it hurts to turn my head.

  20. owhatever

    I have three things to say about this. First, they deserved to be snookered. Second, the federal gummint regulationers and Barney Frank are to blame. And the third, uh, uh, third is… the third point…Ooops.

    1. V572625694

      Ron Paul says you had five.

      Romney was so sweet…he could've said, "DOD" and Perry would have said, "Yeah, DOD, that's it!"

      1. Biel_ze_Bubba

        That was the highlight of the debate: Perry floundering, going under for the third time, and Romney helpfully tosses him a lead brick.

  21. Sophist[Kochblocker]

    "…a television network devoted to the tea party movement."

    How would that even work? I mean, the ideological content of the Tea Party movement is good for about an hour of people screaming about keeping the government out of medicare and the like, but then what? You can only run so many "free government-financed mobility-scooter" ads before you need to run another show, and that would be…what, exactly?

  22. BaldarTFlagass

    Bill Hemrick is a fag.
    – What?
    Bill Hemrick is a fag.
    – The hell he is!
    He is too, boys. I installed 2-way mirrors in his pad in Brentwood. And he came to the door in a dress.
    - That doesn't mean he's a homo, Baldar. A lot of straight guys like to watch their buddies fuck. I know I do. Don't you?

  23. fartknocker

    That's so sad. I was so looking forward to 24 hours of diatribe from Teatards, Glenn Beck, Rush Blimpbaugh, those 19 Kids and Counting from Arkansas and continuous commericals from Gold Line and the Scooter Store.

  24. Radio99%

    Yeah, we're gonna get three things: bandwith, cameras, and, uhhh, what was that other thing….um, help me out here guys…..

      1. Radio99%

        DBB, you and your ilk are why I come here and ask silly rhetorical meme questions.
        Oh, BTW, you owe me a new laptop. Coffee does not go well on Apples.
        Also, too, I HATE COUPONS.

  25. widestanceshakedown

    This is the perfect time to remind them about personal responsibility, while they're deep-throating humiliation.

    1. anniegetyerfun

      These are the intelligent, stalwart citizens who have made Cash 4 Gold the successful business it is today!

  26. Maman

    Gee. sounded like a good investment. not unlike mortgage backed securities, but as they say: investing is not without risk including to your principal and past performance is no indication of future results. So. Don't blame the banks or the Dude from California. You lost your money because you are losers just like the little people investors on Wall Street.

    1. Biel_ze_Bubba

      "But, but … the dude from California made millions off of the last group of people who invested with him! Uhhh, wait a minute … "

    1. Biel_ze_Bubba

      On Wall Street, it's called "developing creative financial products for today's fast-moving economy."

  27. BaldarTFlagass

    "investing in a sham business idea for a television network devoted to the tea party movement."

    What, one Fox news channel isn't enough?

  28. chascates

    The Texas DMV just turned down the idea of offering a Texas license plate with the Confederate flag! In 50 years this may be a progressive state!

    1. Generation[redacted]

      Wow, first they paint over the N—–head signs, and now this? I'm so proud of my home state. But I'm still not moving back.

    2. Puffperney

      Texans can be pragmatic. They just did it to help Perry get the nomination. Too bad Perry screwed the pooch on that whole deal last night. Maybe the Texas DMV can reconsider their decision.

    3. Lascauxcaveman

      The Texas DMV just turned down the idea of offering a Texas license plate with the Confederate flag!

      The first glimmerings of self awareness. They say such things can be also seen in especially well-functioning colonies of Bonobos.

    4. starfanglednut

      Damn! A confederate flag license plate would look AWESOME right above my trucknutz, and underneath my "Everything I needed to know about Islam, I learned on 9/11" bumper sticker.

  29. WhatTheHeck

    They better not be askin the gubmint to investigate this scam as there's too much gubmint meddlin as it is, also, too.

  30. Bonzos_Bed_Time

    Hellloooo Tea-baggers???? California. That should have been your first clue this was a Nancy Pelosi, gay-queer, abortion-loving, Muslin scam to take away your freedums (and $$$). For shame.

    1. anniegetyerfun

      God, I miss that place. Nancy and I attended the same Muslim-gay-sex-abortion spa in the Presidio. We only talked once or twice, but she was a nice lady with an impeccable manicure. Because of the fetus juice they used on her cuticles.

      1. tessiee

        Please, if any of the women in that family could or would give head, they wouldn't have so damn many stupidly-named kids.

  31. CapnFatback

    Hemrick is indeed a Robbin' Hood. He's a Tea Party supporter and the same asshole who started the Uper Deck trading card company in the late '80s, effectively doubling the price of a pack of sports cards and turning it from a children's hobby to a basement-dwelling adult's obsession to simultaneously "pull" a signed refractor Alex Gordon rookie and their own pud.

    1. V572625694

      God that is disgusting. Collectors, with their "completist" obsessions, ruin everything they they touch.

    2. CapnFatback

      Oops. That should read "Upper Deck," as in "While attending the Tea Party, Bill Hemrick ate a bunch of McRibs and took an upper deck-er in the toilet tank."

  32. north_of_moscow

    Take the Hallmark Channel, QVC and an endless loop of Sean Hannity baring his teeth, arrange it like those picture-in-picture scenes from '24' and cash the check. Problem solved.

  33. Mumbly_Occupado

    I find myself confused by the image accompanying this article. What does this news item have to do with former Penn State defensive coordinator Jerry Sandusky?

  34. HobbesEvilTwin

    The tragic part of this story is that they already had a jingle worked out with Hank Williams Jr.

    <&#9836>;"Are you ready for some full-on Re[censored]"<&#9834>

  35. HELisforHEL

    Don't know if it's been said yet, but those teabaggers who sent their disability and social security coin sure must be relieved that they get those Jazzies for free.

    Of course if any of them slip into a coma now, and they don't have Medicaid (SOCIALIZM!!1!), they'll just have to die.

    Oh well.

  36. ChernobylSoup

    Maybe the "businessman" from "California" was Al Gore. That would at least help explain the existence of Current TV.

  37. Wilcoxyz

    If they'd just given it to Palin, she could have gone on a bus tour. For Merikuh. Which at least would have gotten on TV.

  38. Indiepalin

    The Democrat Machine in California Has Brought Forth a Troubled Investment Advisor to Create a False TV Network.

  39. e_z

    A sham business idea for a sham grass roots movement. Perfect synergy, what are they bitchin' about? Bunch of whinein losers, suck it up punks.

  40. Antispandex

    Look, there is no need for the government to get involved here. I am sure that the Teapublicans realize that the free market will make sure that this guy will go out of business because people no longer trust him…and isn't that punishment enough? Geeze! Governmentt just has to interfere in everything!

  41. Blueb4sunrise

    "…the plaintiffs’ attorney, Kristin Fecteau, who declined to comment."

    Teh Googleez reveals that

    Kristin Fecteau earned her law degree from Regent University in 1998. She is also an honors graduate of the University of Montevallo, where she earned her undergraduate degree in Communication Arts in 1991.

    http://www.equituslaw.com/kristin_fecteau.htm

    1. Generation[redacted]

      A degree in Communication Arts? WTF is that? Is it painting, or talking, or talking while painting?

      1. Gleem_McShineys

        Lets hope she also got a hefty retainer from them, to add a little insult somethin somethin to their festering teabag injury.

  42. barto

    Don't you just love the invisible hand of the range-free grifter? Certainly they're used to this kind of stuff by now.

    1. DustBowlBlues

      As a post-menopausal woman, it's the only foreplay that can awaken my long dormant arousal cells.

  43. iburl

    I know 3 ways to solve these scams.
    I would do away with Education, the — Commerce and, let’s see, I can’t. The third one, I can’t.

    1. DustBowlBlues

      Perry has provided more of a catch phrase than the authors of "the wonket", the signs blaming our Muslin prez for everything and also.

      Thanks, Rick. Soon gone; never forgotten. At least among the Muslins on the wonket.

    1. Fukui_sanYesOta

      They're not sheep! They're rugged individualists. Well, now they're poverty-stricken, follow-the-herd, ripped-off-in-a-scam rugged individualists, but you get what I'm saying.

  44. OneYieldRegular

    Meanwhile, Sarah Palin responded, "My gosh this is what a terrible event on our good patriotic Americans. I urge all citizens of this greatest nation ever on the history of planet earth to start the healing by buying one of my books explaining too, and so that, how America can also be great again and prevent such like from happening."

  45. Guppy

    As every Kool-Aid drinking Paultard and Teabagger knows, the only good law is contract law, so let's see the piece of paper with the John Hancocks on it before the complaining starts.

    That bitch best be notarized.

  46. El Pinche

    Teabaggers want to litigate through a court of law?? Sounds like these hand-out taking communists need pull up their strap-ons or bootstraps, or whatever.

  47. Chichikovovich

    This scam was so watertight that the Nashville tea party group would never have figured it out, but fortunately before they sent the next $19 million in to Brentwood they were tipped off by FELLOW CHRISTIAN MR GOODMAN OBOTE, Chief Justice of the Nigerian Supreme Court, who most respectfully proposed a very serious business opportunity trusting being most confidential, and they sent the money to him instead.

  48. Mahousu

    A group of Middle Tennessee conservatives …

    If these conservatives date from the Middle Tennessean, they've probably lost their gills and bear amniotic eggs, but still have inadequate body temperature regulation. So little wonder they could be bamboozled once the weather turns colder.

  49. mourningnmerica

    After careful consideration and careful though on the subject, my feelings are: "HA HA, FUCK YOU."

    1. Gleem_McShineys

      I hope that is also in the judge's final decision.
      "The court finds the following: 1. You are all a bunch of morons. 2. Haha, Fuck you. 3. Heaven have mercy on your souls."
      *GAVEL GAVEL*

  50. lulzmonger

    The Invisible Pimp Hand at work once again.

    Whatever they lose in court, they'll more than make up selling that contact list to every grifter in Amerika … as HST once said, let the hungry dogs feed.

  51. Gleem_McShineys

    Let me try my hand at turning this into something ready for a chalkboard-rant that the Teabaggers could get behind…

    According to the article, the California scammer/Defendant "Loiacono is a former high-level executive of The Upper Deck Co., a California-based sports cards and memorabilia company."

    Upper Deck makes very popular and very very collectible cards.

    Collectors, being what they are, always want to collect all of the cards.

    Or to put it another way "Gotta Catch 'Em All"… right?

    DO YOU SEE WHERE THIS IS GOING, MY TEAPARTY FRIENDS?

    You who know things about things, you know that THIS PHRASE is the byline of a very addictive product that centers entirely around collecting.

    THAT'S RIGHT! I am talking about Pokémon.

    And who, exactly, has been cited in the news recently quoting a line from a POKEMON movie??

    HERMAN CAIN!
    http://www.mediaite.com/online/did-herman-cain-en

    You see, Teapartiers? You knew it all along.

    You are absolutely right and justified to be racists against black people.

    They ARE out to get you.

    *END Glenn BECK-Y BECK-Y BECK-Y TRANS-TRANSmission*

    1. iburl

      Also think of all the tricorn hats, powdered wigs and tights that they are also not going to have to parade about in.

  52. fitley

    I would have invested but I lost a lot of money with Goldline. I bought thousands of dollars worth of gold coins only to find out they were gold plated coins with Fonzie on one side and
    Potsie on the other. I was shocked when I found out their real resale value.

  53. ttommyunger

    As a wise man once said: "Fool me once, shame on you. Fool me twice…….and….. uh……… ………..can't be fooled again!"

  54. UpstateYorkee

    It's OK when the banks are bilking the poors out of their last few pesos, but when the tea-tards get scammed it's Armageddon.

  55. tessiee

    Let's see, now, how does that old saying go?
    *ponders with hand on chin*
    "A _____ and his _____ are soon parted".

Comments are closed.