IGE founders in legal battle
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]
