Brock Pierce's company was originally RealCoin and renamed Tether, which was originally built on Mastercoin which was renamed Omni. Their model is not to create an artificial peg like Nubits or Bitassets, they hold actual dollars custodially and issue tokens. Legendary internet moron Trace Meyer once tried to convince them (on his podcast) to hold physical cash in a vault instead of using banks to do this.
Kiddy-diddling Brock Pierce of
The Mighty Ducks fame, is that the Brock Pierce we're talking about?
The same... That story was aired and rehashed at length when he was elected to the board of the Shrem Karpelès & Friends Foundation (by action of KnC miners, it seems). A couple dozen members left the Foundation in protest at the time.
I think bitcoiners should be more concerned about what he did years later: he created a billion-dollar company (IGE) that cornered the global market of
World of Warcraft game points ("platinum pieces"). He had subsidiary companies in China where semi-slave workers spent all day "mining" those game points. The company collapsed only after ordinary players and/or the company sued it for ruining the game's experience. There were two articles about him in Wired, maybe around 2008 or so. I wonder what were his plans when he pushed his way into the Foundation...
IIRC, he also was involved with Sunlot, the company that tried to stop the liquidation of MtGOX and buy the 200'000 BTC for a pittance, promising a faster refund to the victims.