IGE founders in legal battle
Filed under: World of Warcraft, Events, real-world, MMO industry, Legal
Well, it seems like everyone else has had a chance to say bad things about RMT company IGE. Well, now co-founder Alan Debonneville has plenty of bad things to say himself, in his lawsuit for "among other things, numerous breaches of fiduciary duty, breaches of contract, and fraud" against IGE founder Brock Pierce.
"Pierce has broken every fiduciary duty known to jurisprudence and stolen millions of dollars of shares of IGE US, LLC" the complaint asserts - and then it gets mean.
The complaint reads like a convoluted television drama. Sex, fraud, child-sex, arrests, a shot dog, bribery, tax fraud, embezzlement, bait-and-switch, theft, MMO cheating/duping, and on and on and on.
If even half of this is correct, the whole scandal at Enron is quite minor by comparison (excepting, of course, for the total dollar value). IGE's principals make them look like saints.
Virtually Blind has more detail and copies of complaint and exhibits. The complaint is far more interesting reading than any other that I've read so far. It's astonishing.
Between this and IGE's other legal problems, it looks like everyone's least-favorite RMT company may be set for a fall. The company has arms (or tentacles) everywhere however, and won't go down easily.
[via Virtually Blind]
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Reader Comments (Page 1 of 1)
Natas said on 11:19AM 2-01-2008
Im not scared to say it, I was employed by IGE and I think there a great company, dont know for how much longer but ya. I do see what "illegal" things they have done, but so has countless amount of people, if you go after them you should go after everyone who has done the same thing IGE does and will continue to do. If someone is willing to pay thousands of RL money on virtual goods, there will always be a company or someone like IGE. "all your gold belong to me!"
~Natas
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deadmat said on 3:49PM 4-10-2008
Ah, yes. The old "We only did it cuz everyone does it" defense.
I believe the response here is as follows:
If they all committed suicide would you do it too?
Just because some people do the wrong thing doesn't make it okay for you to do it too.
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Tateru Nino said on 4:03PM 4-10-2008
I think that's a great idea. Operators should go after them all.
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