Tech Figure Brock Pierce Was Involved In A Dot-Com Child Sex Scandal And Was A Clinton Global Initiative Member

Brock Pierce is a controversial figure who has received surprisingly little attention despite connections to the Clinton Foundation, digital currency Bitcoin and involvement in a notorious scandal involving a child abuse ring.


Brock was a member of the Clinton Global Initiative, [link to www.clintonfoundation.org (secure)]
former child actor [link to www.imdb.com]
who appeared in films such as the 1992 classic Mighty Ducks and Disney’s “First Kid,” and Chairman of the Board at the Bitcoin Foundation. Pierce also co-founded the Digital Entertainment Network (DEN), a forerunner of video sharing site Youtube.

DEN was founded in 1996 [link to en.wikipedia.org (secure)]
amid the rapid growth of the dot-com bubble. It raised $72 million in investment before even opening in 1999, a massive amount of capital considering that, at least on the surface, DEN was not yet providing investors with anything in return. At the time news sources scoffed [link to nypost.com]
at the massive salaries top executives were paid when the company was not even creating revenue. An SEC filing obtained by Hollywood periodical Radar Online [link to radaronline.com]
reveals that DEN's investors included a shocking number of big name personalities such as media executives Garth Ancier and David Geffen, former Yahoo CEO Terry Semel, film producers Gary Goddard and Bryan Singer, Wall Street czar Mitchell Blutt, A&M Records head Gilbert Friesen (now deceased), former Disney executive David Neuman, manager and label executive Gary Gersh, investor Jeffrey Sachs, former Congressman Michael Huffington, actors Ben and Fred Savage, and tech companies such as Microsoft and Dell. The lack of apparent revenue raises questions about what investors in DEN were expecting in return.