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LoserKid Pinball Podcast
LoserKid Pinball Podcast
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Ep 67: Scott Couldn't Wait...

PodcastAnalysis updated 4d ago1 hr 4 min listen
From the creator

Colin MacAlpine joins us to talk about Robert Mueller making headlines and CGC announcing Cactus Canyon

Listen on LoserKid Pinball Podcast

Highlights

  • Robert Mueller and Deep Root Pinball persuaded 300 investors, many retirees, to invest roughly $58 million in two pooled investment funds (Deep Root Pinball 575 Fund LLC and Deep Root Pinball Growth Fund LLC) under false pretenses.
  • Mueller paid himself approximately $1.6 million from investor funds between 2016-2020 (~$200,000-$320,000 annually).
  • Mueller used over $1.5 million in fund assets for personal expenses: daughter's private school tuition, family vacations, his second and third weddings and divorce, jewelry for two wives, and a condominium in Kauai, Hawaii.
  • Mueller funneled more than $30 million to 'relief defendant' businesses in non-arms-length transactions without proper investment analysis.
  • When questioned by SEC counsel about personal fund usage, Mueller asserted his Fifth Amendment right against self-incrimination.
  • Deep Root Pinball's manufacturing facility was essentially empty: whitewoods, ideas, good hired talent, but 'not much in the way of product' or manufacturing capability.
  • Mueller is the only executive of Deep Root Pinball entities and personally controlled product design, marketing, strategic planning, administrative functions, IT systems, and investor communications.
  • Prepaid customers for Deep Root Pinball machines will likely lose their money unless covered by a third-party guarantee.

Notable quotes

“There was an empty room that had zero manufacturing in it that was very, very evident that something was incredibly wrong with this company as it pertained to manufacturing American Pinball machine.”
Colin MacAlpine
“This guy was never legitimate. This is straight out of the con artist's handbook where you come in and you over promise and you keep delaying any sort of production because, you know, eventually the wheel is going to stop and you will get caught eventually.”
Scott Larson
“Robert Mueller is a con artist. He's a dirtbag. And I am I'm angry at him for targeting vulnerable people. I'm angry at him for hiring people who legitimately are good people who have who have goodwill associated with them and have been using them as human shields.”
Scott Larson
“He literally gets a high off of hearing his name on these podcasts.”
Josh Roop
“Head to Head warned us years ago. Yeah. Ryan. Yeah. Yeah. like Ryan thank you for warning us all two and a half years ago prepare to get deep rooted”
Colin MacAlpine / Scott Larson
“Can't wait for this to be an episode of american greed and now he can kiss Gary Stern butt and bow down before him and all the other little pinball jerks that threw their mate away”
Joe Cam (quoted from Facebook)
“When you are not diversified and there's one guy doing all that stuff, you need to be really suspicious.”
Scott Larson
“Your money's gone. Money's gone. It's toast. It's done.”
Josh Roop

Entities

  • American Pinball· company
  • Chicago Gaming Company (CGC)· company
  • Deep Root Pinball· company
  • Flippin' Out Pinball· company
  • Heighway Pinball· company
  • Jersey Jack Pinball· company
  • Multimorphic· company
  • P3 (Pinball Brothers)· company
  • Spooky Pinball· company
  • Stern Pinball· company
  • The Last Arcade· company/venue
  • Raza· game
  • SEC (Securities and Exchange Commission)· organization
  • LoserKid Pinball Podcast· organization/media
  • Colin MacAlpine· person
  • Gary Stern· person
  • Joe Cam· person
  • John Papadiuk· person
  • Josh Roop· person
  • Robert Mueller· person
  • Ryan Policky· person
  • Scott Larson· person
  • Steven Bowden· person

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