Fox News was dealt another big blow after the former Business News expert and CEO Ryan Tate, along with his father have found themselves in big legal trouble, after being indicted by the Oklahoma Attorney General’s office.
They accrued eight felony chargers and one misdemeanor for their sketchy company Tate Publishing. The chargers include four felony counts of embezzlement, three felony chargers from attempted extortion by threats, a misdemeanor embezzlement and felony racketeering.
The Tate Publishing company has been around for a while, more than 20 years in fact, according to NewsOk, and had worked with many people to get their music and books published. All of a sudden, in a turn of events Tate Publishing found itself being sued by printing services for millions of dollars. They closed their doors suddenly, and unexpectedly in January of 2017. They lost additional suits that were brought upon them by Xerox and Lighting Source when Tate Publishing failed to comply with subpoenas.
In a statement during a press conference Agent Elizabeth Fullbright said:
‘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.’
‘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 situation got even worse for the Tate’s after a audio clip, which can be seen below, was released of him berating and bullying his employees.
If convicted Tate will spend the rest of his life in prison, while his son spends a good while behind bars. Additional charges could very well be added as the investigation continues, and as they sift through the over 700 complaints. The attorney general office stated that it was unclear how much money the Tate’s obtained in less than legal ways.