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State of Oklahoma

Posted: May 05, 2017 7:12 AMUpdated: May 05, 2017 7:13 AM

Attorney General Cracks Down On Fraudulent Business

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Ben Nicholas

Oklahoma Attorney General Mike Hunter filed eight felony charges and one misdemeanor charge against Ryan and Richard Tate for alleged fraudulent business practices the two conducted while operating their businesses, Tate Publishing and Tate Music Group.

The charges include four felony counts of embezzlement, one felony count of attempted extortion by threat, two felony counts of extortion by threat, one felony count of racketeering and one misdemeanor count of embezzlement.

Since the businesses ceased operations in January, the Attorney General’s Consumer Protection Unit has received 718 complaints from authors or musicians who contracted with the companies. Complaints from customers range from failure to deliver products and services that had been previously paid for; failure to pay royalty earnings, per contractual agreement; and refusal to return files unless the customer agreed to pay a $50 processing fee.

Through the course of the investigation, agents discovered that money derived from the sale of publishing books or music were deposited into business checking accounts, then transferred to Ryan or Richard Tate’s personal checking accounts.

If convicted of these allegations, each defendant faces prison time and fines. The attorney general’s office plans to seek restitution for victims.

 


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