Nothing of the sort happened.
The company started out as a hobby and, perhaps, continued to be run this way for a bit too long.
What was happening was that money was being dropped into multiple accounts without sufficient documentation on an "as convenient" basis.
This eventually came back and bit them on the ass, as it triggered an audit.
It also wasn't helped along by several people trying to seize control of the company during this period or, failing that, tear it down.
It's now been almost 10 years.
CGL is still running under the same ownership with the same people in charge.
The audit was over years ago.
Nobody went to jail.
All the money was found.
And yes, the company is now running as an actual business and not just a hobby.
CGL "Embezzlement".
Nothing of the sort happened. The company started out as a hobby and, perhaps, continued to be run this way for a bit too long. What was happening was that money was being dropped into multiple accounts without sufficient documentation on an "as convenient" basis.
This eventually came back and bit them on the ass, as it triggered an audit. It also wasn't helped along by several people trying to seize control of the company during this period or, failing that, tear it down.
It's now been almost 10 years.
CGL is still running under the same ownership with the same people in charge.
The audit was over years ago.
Nobody went to jail.
All the money was found.
And yes, the company is now running as an actual business and not just a hobby.
Also, the amount in question was roughly 100K.
The 850K is probably a reference to the "Crisis of Treachery" at Palladium 4 years prior. https://icv2.com/articles/games/view/8540/palladium-goes-public-crisis-treachery