Tag Entertainment
Encyclopedia
Tag Entertainment was largely founded by Steve Austin
and John T. Botti, Director and became a publicly held film production company formerly headquartered in Santa Monica
, California
. The company was described as a centered producer of family
ilms]. Shares in Tag Entertainment (symbols TAGE and TAGEE) are no longer traded on any major exchange, due to Mr. Austin's cease and desist
letter from the US federal government
, owing to mail fraud.
Tag Entertainment and its subsidiaries were the subject of several government investigations. Founder and principal Steve Austin was scheduled to stand trial
from charges directly related to his activities at his company and subsidiaries. This trial is taking place before Judge
Margaret M. Morrow
at Courtroom #780 of the Edward R. Roybal Federal Building and Courthouse
. This courthouse is located at 255 East Temple Street in Los Angeles
, California. There are approximately 800 victims nationwide who are covered by this federal prosecution. Austin pleaded guilty to all charges of a negotiated limited prosecution - during a pre-trial plea agreement that occurred a few days before this trial's commencement date of March 25, 2008. All the while, federal agents continued to search for value
due these films' investments. The sentencing
and restitution
phase of the public trial was re-scheduled, then yet again re-scheduled this time during February. The planned February fulfillment phase of the trial was delayed, and was later set to determine sentencing and restitution placements during these hearings to be concluding on July 13, 2009.
The sentencing and restitution court trial date was sent back (this time by the judge of the case) to be during August, due to the plea bargain arrangements of the income issues of the films.
The resolution of sentencing and restitution court date was subsequently rescheduled for August 13.
All plaintiffs in the court litigation were eligible to give their victim impact statement before the court and directly to the defendant, Steven Kent Austin. This trial date had been delayed several times, and reset on about one week notice. About twelve victims testified in court, and the prosecuting attorney read aloud the statement of one investor who was unable to attend. Victim testimony is generally considered a major part of the court sentencing decision.
Victims were given their time to testify during the culmination of the court trial proceedings, about the effect their hardship resulting from the activities of Steven Kent Austin and his associates. The public was welcome to attend the proceedings.
Because of the co-operation, promise to diligently repay investors, and the remorse stated, Steven Kent Austin received in consideration a firm three year federal prison sentence with up to a fifteen percent reduction of sentence possibility, and a probation term then totally 20 years from the sentencing date of August 13, 2009. After serving his prison time, Austin's release into Federal Bureau of Prisons
parole
could be reduced to only three years of managed parole if he fulfills the terms of his federal court sentencing.
Music producer and convicted swindler Lou Pearlman
was involved with the company as an executive producer. Pearlman is currently serving approximately 25 years in federal prison.
Many of the Tag Entertainment DVD releases are being sold under the labels of the companies which have now acquired the legal rights to them, such as MGM and Warner Brothers, without any Tag markings.
The US Department of Justice
plans to control accounts of the films covered by their prosecution of Steven Kent Austin. It is not completely clear how this trial will affect other people who were core employees at Tag Entertainment. There probably could be some financial effects. The federal government does plan civil prosecution of these matters. Affects of the admitted mismanagement of capital
has and will have major effect upon the financial
s of Tag Entertainment.
Steven Kent Austin
Steven Kent Austin is an American actor and producer of small-budget independent films. He also directed a film version of Route 66. He was Chairman, Chief Executive Officer and Chief Financial Officer of TAG Entertainment Corp, which he founded in 1999 and whose stock is now worthless; and owner...
and John T. Botti, Director and became a publicly held film production company formerly headquartered in Santa Monica
Santa Mônica
Santa Mônica is a town and municipality in the state of Paraná in the Southern Region of Brazil.-References:...
, California
California
California is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area...
. The company was described as a centered producer of family
Family
In human context, a family is a group of people affiliated by consanguinity, affinity, or co-residence. In most societies it is the principal institution for the socialization of children...
ilms]. Shares in Tag Entertainment (symbols TAGE and TAGEE) are no longer traded on any major exchange, due to Mr. Austin's cease and desist
Cease and desist
A cease and desist is an order or request to halt an activity and not to take it up again later or else face legal action. The recipient of the cease-and-desist may be an individual or an organization....
letter from the US federal government
Federal government of the United States
The federal government of the United States is the national government of the constitutional republic of fifty states that is the United States of America. The federal government comprises three distinct branches of government: a legislative, an executive and a judiciary. These branches and...
, owing to mail fraud.
Tag Entertainment and its subsidiaries were the subject of several government investigations. Founder and principal Steve Austin was scheduled to stand trial
Trial
A trial is, in the most general sense, a test, usually a test to see whether something does or does not meet a given standard.It may refer to:*Trial , the presentation of information in a formal setting, usually a court...
from charges directly related to his activities at his company and subsidiaries. This trial is taking place before Judge
Judge
A judge is a person who presides over court proceedings, either alone or as part of a panel of judges. The powers, functions, method of appointment, discipline, and training of judges vary widely across different jurisdictions. The judge is supposed to conduct the trial impartially and in an open...
Margaret M. Morrow
Margaret M. Morrow
Margaret Mary Morrow is a United States federal judge, serving on the United States District Court for the Central District of California.She was born in Columbus, Nebraska . She received an A.B. cum laude from Bryn Mawr College in 1971. She received a J.D...
at Courtroom #780 of the Edward R. Roybal Federal Building and Courthouse
United States District Court for the Central District of California
The United States District Court for the Central District of California serves over 18 million people in southern and central California, making it the largest federal judicial district by population...
. This courthouse is located at 255 East Temple Street in Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
, California. There are approximately 800 victims nationwide who are covered by this federal prosecution. Austin pleaded guilty to all charges of a negotiated limited prosecution - during a pre-trial plea agreement that occurred a few days before this trial's commencement date of March 25, 2008. All the while, federal agents continued to search for value
Value (economics)
An economic value is the worth of a good or service as determined by the market.The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods...
due these films' investments. The sentencing
Sentence (law)
In law, a sentence forms the final explicit act of a judge-ruled process, and also the symbolic principal act connected to his function. The sentence can generally involve a decree of imprisonment, a fine and/or other punishments against a defendant convicted of a crime...
and restitution
Restitution
The law of restitution is the law of gains-based recovery. It is to be contrasted with the law of compensation, which is the law of loss-based recovery. Obligations to make restitution and obligations to pay compensation are each a type of legal response to events in the real world. When a court...
phase of the public trial was re-scheduled, then yet again re-scheduled this time during February. The planned February fulfillment phase of the trial was delayed, and was later set to determine sentencing and restitution placements during these hearings to be concluding on July 13, 2009.
The sentencing and restitution court trial date was sent back (this time by the judge of the case) to be during August, due to the plea bargain arrangements of the income issues of the films.
The resolution of sentencing and restitution court date was subsequently rescheduled for August 13.
All plaintiffs in the court litigation were eligible to give their victim impact statement before the court and directly to the defendant, Steven Kent Austin. This trial date had been delayed several times, and reset on about one week notice. About twelve victims testified in court, and the prosecuting attorney read aloud the statement of one investor who was unable to attend. Victim testimony is generally considered a major part of the court sentencing decision.
Victims were given their time to testify during the culmination of the court trial proceedings, about the effect their hardship resulting from the activities of Steven Kent Austin and his associates. The public was welcome to attend the proceedings.
Because of the co-operation, promise to diligently repay investors, and the remorse stated, Steven Kent Austin received in consideration a firm three year federal prison sentence with up to a fifteen percent reduction of sentence possibility, and a probation term then totally 20 years from the sentencing date of August 13, 2009. After serving his prison time, Austin's release into Federal Bureau of Prisons
Federal Bureau of Prisons
The Federal Bureau of Prisons is a federal law enforcement agency subdivision of the United States Department of Justice and is responsible for the administration of the federal prison system. The system also handles prisoners who committed acts considered felonies under the District of Columbia's...
parole
Parole
Parole may have different meanings depending on the field and judiciary system. All of the meanings originated from the French parole . Following its use in late-resurrected Anglo-French chivalric practice, the term became associated with the release of prisoners based on prisoners giving their...
could be reduced to only three years of managed parole if he fulfills the terms of his federal court sentencing.
Music producer and convicted swindler Lou Pearlman
Lou Pearlman
Louis Jay "Lou" Pearlman is a former impresario of the successful 1990s boy bands such as The Backstreet Boys, *NSYNC, Take 5, O-Town and US5. In 2006, it was discovered that Pearlman had perpetrated one of the largest and longest-running Ponzi schemes in American history, leaving more than $300...
was involved with the company as an executive producer. Pearlman is currently serving approximately 25 years in federal prison.
Many of the Tag Entertainment DVD releases are being sold under the labels of the companies which have now acquired the legal rights to them, such as MGM and Warner Brothers, without any Tag markings.
The US Department of Justice
United States Department of Justice
The United States Department of Justice , is the United States federal executive department responsible for the enforcement of the law and administration of justice, equivalent to the justice or interior ministries of other countries.The Department is led by the Attorney General, who is nominated...
plans to control accounts of the films covered by their prosecution of Steven Kent Austin. It is not completely clear how this trial will affect other people who were core employees at Tag Entertainment. There probably could be some financial effects. The federal government does plan civil prosecution of these matters. Affects of the admitted mismanagement of capital
Capital (economics)
In economics, capital, capital goods, or real capital refers to already-produced durable goods used in production of goods or services. The capital goods are not significantly consumed, though they may depreciate in the production process...
has and will have major effect upon the financial
FINANCIAL
FINANCIAL is the weekly English-language newspaper with offices in Tbilisi, Georgia and Kiev, Ukraine. Published by Intelligence Group LLC, FINANCIAL is focused on opinion leaders and top business decision-makers; It's about world’s largest companies, investing, careers, and small business. It is...
s of Tag Entertainment.
Productions
- Deal (2008) ... Production Company
- Miracle Dogs Too (2006) (V) ... Production Company
- Red Riding Hood (2006) .... Production Company
- PopstarPopstar (film)Popstar is an American film that features teen singer Aaron Carter in his first and only lead role in a feature film. The direct-to-video film was directed by Richard Gabai and written by Timothy Barton; the film was released on November 8, 2005. The premiere was held in The Woodlands, Texas. It...
(2005) .... Production Company - SupercrossSupercross (film)Supercross is a 2005 American action film directed by Steve Boyum and starring Steve Howey and Mike Vogel. The movie is a mixture of youthful relationships set in the intense world of professional Supercross.-Plot synopsis:...
(2005) .... Production Company - Motocross KidsMotocross KidsMotocross Kids a.k.a. Moto X Kids is a 2004 film directed by Richard Gabai, distributed by Tag Entertainment.-Cast:* Josh Hutcherson as TJ* Bobby Preston as Skeeter* Lorenzo Lamas as Evan Reed* Phyllis Diller as Lou* Alexa Nikolas as Katie...
(2004) ... Production Company - Miracle Dogs (2003) (TV) ... Production Company
- Hansel & Gretel (2002) .... Production
- The Santa Trap (2002) (TV) ... Production Company
- The RetrieversThe RetrieversThe Retrievers is a 2001 television film starring Robert Hays, Mel Harris, Alan Rachins, Alana Austin, Taylor Emerson, Betty White and Robert Wagner. It was directed by Paul Schneider and written by Larry Ketron.-Plot:...
(2001) (TV) .... Production Company - Dumb Luck (2001) .... Production Company
- No Place Like Home (2001) .... Production Company
- Castle Rock (2001) ... Production Company
- Route 66 ... Production Company
External links
- Tag Entertainment Internet site:
- Tag Entertainment Corp. listing at Reuters
- Tag Entertainment Corp. listing of Direct Relationships at MarketVisual.com
- Tag Entertainment Inc. and Power Marketing Inc. complete Merger Transaction
- Tag Entertainment agreement showing EXHIBIT 10.1 of TAG Entertainment USA Inc.(the "Guarantor") stock purchase merger with Satellite Strategic Finance Associates at TechAgreements
- Tag Entertainment December 2005 Company Prospectus at hotStocked
- Tag Entertainment Corp. expansion of Board of Directors at NAMC NEWSWIRE
- Tag Entertainment Annual Report of April 2006 at Edgar Online
- Tag Entertainment catalog posting of articles published at resources.BNET
- Tag Entertainment is mentioned during a May 21, 2008 article headlined An Entertainment Industry Trailblazer Gets 25 Years In Prison For Fraud at THR, Esq.
- Tag Entertainment is named during a victim's statement at RipoffReport
- Tag Entertainment Officers inter-relationships diagrams at Market Visual