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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)


Date:March 16th, 2010 10:02 pm (UTC)
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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Date:March 16th, 2010 10:13 pm (UTC)
Yikes. That all sounds enchanting.
(Deleted comment)
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Date:March 16th, 2010 11:15 pm (UTC)
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.
Date:March 16th, 2010 11:10 pm (UTC)
Man. Glad I never pursued work on Eclipse Phase.
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Date:March 16th, 2010 11:20 pm (UTC)
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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Date:March 16th, 2010 11:49 pm (UTC)
OMG. John, so sorry for you and everyone else screwed over.
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Date:March 17th, 2010 12:07 am (UTC)
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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Date:March 17th, 2010 12:47 am (UTC)
Damn. My sympathies.
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Date:March 17th, 2010 12:55 am (UTC)
In addition, they were in the running for the remains of Wizkids Mechwarrior franchise, but apparently not anymore...
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Date:March 17th, 2010 01:10 am (UTC)
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.
[User Picture]
Date:March 17th, 2010 04:35 am (UTC)
That is such a depressing thing. Good luck coming through.
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Date:March 17th, 2010 08:30 am (UTC)
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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Date:March 17th, 2010 01:15 pm (UTC)
The fuckers!

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