Backers of the Ant Simulator crowdfunding campaign have every right to be furious today, as we learned that the game has been cancelled due to a lack of funds. While it isn’t uncommon for such games to run out of funding during development, the outward explanation and reason for why the developer has no money is probably the first of its kind, and you might want to take down the names just in case they pop up in future business ventures.
The explanation comes from founder Eric Tereshinski, who resigned from the company over the alleged antics of his coworkers. Tereshinski alleges in his video that his ex-business partners secretly stole funds from the company and used that money on booze, restaurants, and strippers. The names of the two gentlemen are Tyler Monce and Devon Staley. Tereshinski has resigned from the company and will no longer be working on Ant Simulator, due to contractual restrictions preventing him from working on the game or anything like it outside of the company. According to Tereshinski, his business partners have threatened to sue him if he works on Ant Simulator elsewhere.
While Tereshinski cannot sue due to contract agreements, there is a possibility of charges being brought by the Federal Trade Commission, should backers submit complaints. The FTC as well as state Attorney Generals have begun prosecuting crowdfunding campaigns over misappropriated funds.
(Source: Softpedia)


