IGE CEO Q&A Session
Q: Who is the CEO of IGE?
The CEO of IGE is Brock Pierce. From IGEs website: "Brock started acting at the age of 4 and appeared in numerous films including Disney's The Mighty Ducks and Mighty Ducks 2, culminating in a starring role in the Disney film First Kid in 1995".
Q: Wow, he used to be a movie star. I wonder happened after that.
The founders of flopcom Digital Entertainment Network (DEN) are still languishing in a Spanish jail, and investigators in the US are stepping up efforts to bring them home to face sex offence charges.
DEN co-founders Marc Collins-Rector, Chad Shackley and Brock Pierce were arrested in June on an international warrant after being indicted in New Jersey on five counts of transporting a minor across state lines for the purpose of engaging in sexual acts.
The company raised $75m through an Initial Public Offer, but collapsed as allegations of its founders' conduct hit the media. DEN's assets were sold at auction for $105,000 this summer.
The men fled to Spain where they were arrested by Spanish police who found "enormous amounts of child porn" at their villa.
All three are likely to face Spanish charges, but US police have stated that Spain will let the US charge them first, according to the New York Post.
Collins-Rector, Shackley and Pierce already face a $4.5m default judgement over offences with teenaged boys in the Beverly Hills and west Los Angeles area dating back to the early 1990s, after losing a civil court case brought by victims.
Q: How can I be sure the Brock Pierce mentioned there is the one that was in the movie?
Many workers at the company said they had suspicions about then-Chairman Collins-Rector and discussed them internally before the New Jersey lawsuit. "There was something not right," a former executive said Friday. "There were too many little boys. People were willing to look the other way."
Matt Welch, a Los Angeles writer who briefly consulted for the company, said its collapse "would have been one of the textbook classic dot-com flameouts even without this. It was a bad idea, at a bad time, done by bad people.... I wouldn't say there was an atmosphere of criminal behavior, you just felt the decadence."
Collins-Rector, who is in his early 40s, shared a palatial Encino estate with longtime partner Chad Shackley, 24, and with Brock Pierce, a child Disney movie star who moved in when he was 17 and was paid a $250,000 salary by the company. Shackley and Pierce were executive vice presidents of the company.
The three were described as co-founders of the company, which filmed short episodes on a number of teenage themes for playback over the Internet and at one time boasted more than 300 employees.
Q: WTF? How could he be wanted on sexual molestation charges and be rotting in a Spanish jail if he has a high profile multi-million dollar company in New York?
This is where details get sketchy. A number of other sources seem to state that both Rector-Collins and Shackley are in fact rotting in a Spanish Jail, while perhaps Pierce was never indicted in the first place and no charges were filed against him specifically. Regardless, however, this is a very strange fellow with some interesting (to say the least) ties.
EDIT: For the curious, all of this was found on Google. I am not an official news source so one should neither accept nor deny this without doing their own inquiry.