Founder and principal owner of
href="http://www.cheyenneme.com/" target="_blank">Cheyenne
Mountain Entertainment,
Gary Whiting, has been sued for fraudulence in the matter of finances
by one of the major investors. CME is best known for it's attempt to
publish an MMOG under the Stargate license, but the project never saw
the light of the day. This most recent development is just the latest
in a long line of setbacks and troubles that have plagued the fledgling
studio throughout this process.
href="http://www.scribd.com/doc/19743774/CME0001"
target="_blank">Full lawsuit filing documents
are available for your perusal.
Here is the face sheet of the lawsuit:
src="http://www.tentonhammer.com/image/view/74325" alt=""
border="0" />
And of course, here is a snippet of some of the juicier bits of the
lawsuit:
month of launching, Mmoguls, Inc. brought in
approximately $900,000.00.
16. This money was to pay for the commissions earned by affiliates as
well as
operating costs of the company.
17. Brent Barton requested approximately $400,000.00 to pay the earned
commissions and operating costs of the company.
18. Vision Bankcard released the money to the accounts authorized by
Gary
Whiting.
19. Brent Barton and Gary Whiting began writing checks from the Mmoguls,
Inc. account to pay the commissions earned by Mmoguls affiliates.
20. I discovered that the checks that Mr. Barton and Gary Whiting had
signed
were bouncing due to Insufficient funds in the Mmoguls, Inc. account.
21. After discussions with officials at Vision Bankcard and Brent
Barton, I
learned that Gary Whiting had transferred the money from the Mmoguls,
Inc. account to his own personal accounts and that the money had been
used for Gary Whiting's personal use.
22. In all, Gary Whiting took at least $350,000.00 from Mmoguls, Inc.
unbeknownst to anyone else, including the CEO, Brent Barton.
Keep checking back for the latest as the CME saga continues to play
out.
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