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March 16th, 2010


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02:16 pm - Gaming company bad news goes public
I just made the heavily filtered post I made yesterday public. Here's info about what's going on with Catalyst Games, who produce Shadowrun, Cthulhutech, and of course, Eclipse Phase - which is a game that I'd done a lot of work on. All three are excellent games - the one small amount of good news is that none of the three are owned by Catalyst, they are all licensed, and so the games won't necessarily get gobbled up in the legal morass to come, but what they will all need is new companies to produce them (and presumably pay off the money owned to freelancers like myself).

If (as is certainly seems to be from what I've heard) the allegations of embezzlement are true, then there's likely no hope of recovering most, or likely any of the lost money, since what I've learned from teaotter's work in fraud investigation is that embezzled funds are typically gone for good.
Current Mood: angryangry

(14 comments | Leave a comment)

Comments:


From:machineiv
Date:March 16th, 2010 10:02 pm (UTC)
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I feel you.

Catalyst owes me over five grand.

I'm going to give it a few days and see if things might be a little different than represented, then I'll pull my copyright and hope that new licencors are willing to pay me for my work.
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From:mytholder
Date:March 16th, 2010 10:13 pm (UTC)
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Yikes. That all sounds enchanting.
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From:kadath
Date:March 16th, 2010 10:26 pm (UTC)
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Whoops, looks like Dumpshock (wow, that takes me back) got /.ed. Or whatever they're calling it now.
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From:heron61
Date:March 16th, 2010 11:15 pm (UTC)
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If you're interested, I linked to the repost of the same info on RPG.net. That's still up, and I'm guessing it will stay up.
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From:innocent_man
Date:March 16th, 2010 11:10 pm (UTC)
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Man. Glad I never pursued work on Eclipse Phase.
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From:bodlon
Date:March 16th, 2010 11:20 pm (UTC)
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Ugh. This sucks.

I honestly don't know much about embezzling and what recourse you'll have, but I wish you luck recovering what you can.
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From:cericonversion
Date:March 16th, 2010 11:49 pm (UTC)
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OMG. John, so sorry for you and everyone else screwed over.
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From:andrian6
Date:March 17th, 2010 12:07 am (UTC)
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I'm very sorry to hear this. I can only hope you see some recompense and your work finds a more stable home.
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From:siderea
Date:March 17th, 2010 12:47 am (UTC)
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Damn. My sympathies.
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From:winterbeast
Date:March 17th, 2010 12:55 am (UTC)
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In addition, they were in the running for the remains of Wizkids Mechwarrior franchise, but apparently not anymore...
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From:teaotter
Date:March 17th, 2010 01:10 am (UTC)
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Actually, if the info is correct and the person who (allegedly) embezzled funds also used some of them to pay for work on zir house -- well, that adds the house value to the recovery asset pool. In this market, it may not net very much (esp. since the mortgage holder usually has first dibs on sale funds), BUT it's something. Since most embezzlers these days spend the money on various kinds of gambling with NO assets to recover, this is better-than-average news.
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From:krinndnz
Date:March 17th, 2010 04:35 am (UTC)
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That is such a depressing thing. Good luck coming through.
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From:scholargipsy
Date:March 17th, 2010 08:30 am (UTC)
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Having lost a substantial sum of money in Japan when the owner of a travel agency with whom we'd booked roundtrip cross-global tickets did a runner with all the company's yen, I sympathize. At the time I remember thinking that if it'd happened in America we would get our money back. That, obviously, was naive.

Nonetheless, I hope you get paid back, and sooner rather than later.
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From:eggshellhammer
Date:March 17th, 2010 01:15 pm (UTC)
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The fuckers!

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