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Major Investor Sues Cheyenne Mountain Entertainments Gary Whiting.
Posted September 14th, 2009 by Medawky
Lawsuit latest in long string of trouble for company.
Founder and principal owner of 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. Full lawsuit filing documents are available for your perusal.
Here is the face sheet of the lawsuit:
And of course, here is a snippet of some of the juicier bits of the lawsuit:
Quote:
| 15. Within the first
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. |
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Genre: Science Fiction
Status: Closed Beta
Release Date: TBA
Fee: TBA
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