Funcom Fined For 2011-2012 Irregularities


It’s been a while since we last reported on the allegations that Funcom breached disclosure requirements and misled investors in the months leading up to the launch of The Secret World, and the results of said investigation are finally in. Following a raid on the offices in January of last year, Funcom yesterday announced that it has accepted a fine of 1.5 million NOK from the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime. The fine relates to market manipulation and lists of persons who have access to insider information.

The announcement does not mention anything specifically about ex-CEO Tron Aas, who is under investigation for offloading stocks just before the launch of The Secret World, leading many to speculate that he knew that the game would not be initially well received.

(Source: Funcom)

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