A group of conservative investors in Tennessee is suing a California businessman for allegedly conning them into investing in Tea Party HD, a TV channel aimed at tea partiers, that they say turned out to be a scam.Tea Party HD was founded by Bill Hemrick and Anthony Loiacono in 2010, but Hemrick and the other complainants claim that Loiacono never put in his share into the project and used the rest of the funds as his “personal bank account.” The complaint says he used the money “to pay himself, his family members and his business, Heads & Tails Inc., ‘exorbitant rates’ for the few projects Tea Party HD undertook,” according to Brandon Gee of The Tennessean.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=104581