Fox News Financial ‘Expert’ Indicted On 8 Counts Racketeering, Embezzlement, Extortion

Fox Business News expert and CEO Ryan Tate and his father Richard have been indicted by the Oklahoma Attorney General’s office on eight felony charges and one misdemeanor count for their shady Tate Publishing company. The charges include a misdemeanor embezzlement, three felony attempted extortion by threat and each for felony racketeering.

The company was started more than 20 years ago, according to The Tulsa World and worked with thousands to publish their books and music. Suddenly, however, Tate Publishing was being sued by printing services for millions. They abruptly closed in Jan. 2017 and lost additional suits brought by Xerox and Lighting Source when Tate failed to comply with subpoenas.

The attorney general’s office received over 800 requests to investigate the publishing company for complaints by people who felt they were scammed by the company.

“A review of bank records shows that monies derived from the sale of publishing or music production services were deposited into business checking accounts and then transferred to Ryan Tate and Christy Tate and/or Richard Tate and Rita Tate’s personal checking accounts,” Agent Elizabeth Fullbright said during a press conference.

“Bank records also show that the $50 processing fee checks from authors, made payable to Tate Publishing, were deposited directly into both Tate Publishing checking accounts and the personal bank account of Richard and Rita Tate. Richard and Rita Tate’s account appears to be used for personal transactions, including dining and entertainment at casinos in Oklahoma,” she revealed.

The situation got even worse when snarky political blog The Lost Ogle released a past audio recording of company President Ryan Tate

“The righteous will prevail. I’ve spent a lot of time this weekend in tears with my family,” Tate told workers. “Good people are going to lose their jobs. It’s not fair, it’s not right, but that’s the reality of the situation. Any good organization — Jesus himself is the perfect mix of mercy, grace and justice. And I’ve probably failed you that I’ve been a little too lenient and a little too on the side of mercy and grace and not enough justice.”

He went on to say that he’s looked the other way and let a lot of things go.

“I tried to be nice. I trusted you. Good God!” Tate exclaimed. He then accused them of being on Facebook or watching Netflix while at work. “I trust you. But all I get is bellyaching, moaning, groaning, the grass is greener on the other side. How stupid do you have to be, in this day in age, in this economy to even play with fire like that?”

If convicted the elder Tate will likely die in prison while his son “plays with fire” behind bars for quite a while. Additional charges might be added as the investigation continues as they sift through the hundreds of complaints. The attorney general’s office isn’t clear on how much money was “wrongfully obtained” by the Tates.

Below you can listen to the older audio recording of Tate berating his employees before crying and telling them they’ll be called into his office one-by-one to be fired.

FURTHER COVERAGE

Decent people need not apply to become an “expert” on Fox news; apparently, it takes a fake, a phony, a fraud, a sexual predator or a criminal to achieve this.

Take, for instance, CEO Ryan Tate of Oklahoma-based Tate Publishing and Enterprises, who was once a popular financial expert for Fox business.

That was then.

This is now. Not only is Ryan a crook, he’s known to be one of the worst bosses ever, earning himself a reputation for berating, belittling and firing his employees in front of everyone.

But now, he and his father Richard Tate join the continuing list of “bad hombres” at Fox, having been indicted on eight separate counts of racketeering, embezzlement and extortion charges by Oklahoma Attorney General Mike Hunter this week.

The latest twist in the saga of this crafty Tate duo is that after Ryan wrote a letter advising some of Tate’s clients the firm was reopening, Hunter arrested them on 8 counts of embezzlement, extortion and racketeering.

The Tates have worked with tens of thousands of clients to publish their books and music for more than two decades. But earlier this year, Richard told their local newspaper The Oklahoman that the company was going through some tough economic times in 2013. Just a few years later Tate Publishing was sued by printing services providers for millions of dollars. And in January 2017, the company closed its doors. And months later, Xerox and Lightning Source won their cases against Tate Publishing.

Agent Elizabeth Fullbright, who works in the AG’s Consumer Protection Unit, said she had been investigating consumer complaints against the Tate company, and an associated firm, Tate Music Group, since June 2015.

“A review of bank records shows that monies derived from the sale of publishing or music production services were deposited into business checking accounts and then transferred to Ryan Tate and Christy Tate and/or Richard Tate and Rita Tate’s personal checking accounts,” Fullbright stated.

“Bank records also show that the $50 processing fee checks from authors, made payable to Tate Publishing, were deposited directly into both Tate Publishing checking accounts and the personal bank account of Richard and Rita Tate. Richard and Rita Tate’s account appears to be used for personal transactions, including dining and entertainment at casinos in Oklahoma.”

The files charged against the Tate’s on Thursday were based on past interactions between the company, or its affiliated operation, and one client.

Hunter said it’s likely more charges against the two men will come, and perhaps additional defendants added to the case.

“That had something to do with us approaching this in the expeditious manner that we did. We don’t need any more victims,” Hunter said. “We are very focused on this. There now have been more than 800 complaints, and we are going to look into each one of them.”

Hunter said the unit still doesn’t know how much money the Tates might have wrongfully obtained.

Author Heather D. Nelson, who has a lifetime contract with Tate Publishing, was relieved. “It is incredibly encouraging to see the attorney general taking us seriously,” Nelson said. But also said nobody really knows how much money the Tates have or what they owe.

“As much as I am excited to see that the attorney general making is process and moving forward, because of how slowly this process has gone, I don’t know that I am that hopeful we will get much,” she said. “It is encouraging to know that at the very least, the Tates are not going to do this to someone else.”

Ordered to surrender their passports, Richard and Ryan Tate are working to get released on a $100,000 bond.

What is it with Fox? The never-ending list of bogus experts they’ve hired and fired for criminal behavior include former Fox Media VP Brian Lewis, who got the boot for mishandling financial irregularities, and phony CIA agent and terrorism/Benghazi-expert Wayne Shelby Simmons and fake Swedish security expert, Nils Bildt. Canned for inappropriate office behavior are The Five‘s Bob Beckel for illegal drug use and Fox White Correspondent Ed Henry for an extra-marital affair.

Further, totally false claims and comments got Judge Andrew Napolitano and Dick Morris previously axed and, more recently, the growing list of sexual allegations and lawsuits at the network got former Fox CEO Roger Ailes and combative host Bill O’Reilly ousted. Fox just forced out its new co-President Bill Shine, a close ally of Ailes, too.

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