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Stargate Games Lawsuit

Former shareholders in Cheyenne Mountain Entertainment have filed a conspiracy complaint against Dark Comet Games, Fresh Start Studios, and five individuals: Karl Hiatt and his wife (first name unknown), Mark Renberg, Chris Lombardo, and Harlan James Brown II, according to Courthouse News Service. The legal action is over Cheyenne Mountain Entertainment's bankruptcy, and claims that the transfer of assets from Stargate Resistance and Stargate Worlds was done without the approval of the bankruptcy court. The plaintiffs say "Fresh Start Studios allegedly paid $100,000 to purchase all of Cheyenne Mountain's assets, a fraction of 1 percent of the assets' worth," and that CME "raised and expended tens of millions of dollars in connection with the development of Stargate Resistance and Stargate Worlds." Word is: "Plaintiffs seek a declaration that the transfer of assets to Fresh Start is fraudulent, and want the assets returned Cheyenne Mountain Games. They also want $10 million in damages, alleging breach of contract, civil conspiracy, fraudulent transfer, tortious interference and unjust enrichment."

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4. Re: Stargate Games Lawsuit Aug 26, 2010, 15:49 DG
 
The complaint isn't about the investors losing their money on a bad investment, it's about their money being stolen through fraud.

1. Use investor's money to make a valuable asset for company A
2. Sell asset for small change to company B you own personally
3. Liquidate the original company A
4. Profit

This is a common fraud. It's not a very difficult idea for people with weak ethical values to come up with, it's quite difficult to prove and even even if you do and get your asset back, it's even harder to successfully prosecute the fraudster.
 
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    Date Subject Author
  1. Aug 26, 14:32 Re: Stargate Games Lawsuit Kxmode
  2. Aug 26, 14:59  Re: Stargate Games Lawsuit Narf2029
  3. Aug 26, 15:06   Re: Stargate Games Lawsuit D_K_night
>> 4. Aug 26, 15:49    Re: Stargate Games Lawsuit DG
  5. Aug 26, 16:30     Re: Stargate Games Lawsuit Kxmode
  6. Aug 26, 17:09   Re: Stargate Games Lawsuit Hellbinder
  7. Aug 26, 17:20    Re: Stargate Games Lawsuit nin
  8. Aug 26, 17:55     Re: Stargate Games Lawsuit PHJF
  9. Aug 26, 19:37      Re: Stargate Games Lawsuit Sty
  10. Aug 26, 20:01       Re: Stargate Games Lawsuit Burrito of Peace
  11. Aug 26, 20:18    Re: Stargate Games Lawsuit Narf2029
  12. Aug 26, 22:10     Re: Stargate Games Lawsuit Sepharo
  13. Aug 26, 23:40 Re: Stargate Games Lawsuit Veterator
  14. Aug 27, 00:08  Re: Stargate Games Lawsuit Sepharo
  15. Aug 27, 01:00   Re: Stargate Games Lawsuit Cutter
  16. Aug 27, 04:13   Re: Stargate Games Lawsuit Veterator
  17. Aug 27, 08:05    Re: Stargate Games Lawsuit Bill Borre
  18. Aug 27, 11:09  Re: Stargate Games Lawsuit  dsmart 
  19. Aug 28, 14:39   Re: Stargate Games Lawsuit Delwin


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