Latest in Gaming

Image credit:

Former Funcom CEO investigated for insider trading

MJ Guthrie
09.14.12
Shares
Share
Tweet
Share
Save
Trond Arne Aas, who stepped down as CEO of Funcom the day before The Secret World launched, is back in the spotlight. Norwegian authorities are investigating Aas for allegations of insider trading.

An anonymous source reported to The Escapist that Aas' position change to a chief strategy advisor allowed him to attempt to sell off company stock without attracting scrutiny. As of press time, 650,000 of his 1.5 million shares have successfully sold. Stocks were valued at $17.60 a share when the game launched on July 2nd, but were worth $2.17 as of yesterday. Investigators are questioning whether Aas sold his stocks based on insider knowledge or if it was just coincidental timing.