Embezzlement scandal hits NCsoft

Three NCsoft employees have been caught embezzling funds from one of the company’s newer titles, a multiplayer mech shooter named Project HON.

The theft, which was measured in “tens of millions of Korean won,” also involved a third-party company. NCsoft has fired the employees and is considering filing charges against them. The company is also conducting an internal audit and has said that development of Project HON will continue as planned.

[Source: MMO Culture, 10Korea.com]
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65 Comments on "Embezzlement scandal hits NCsoft"

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Celestia
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Celestia

There aren’t enough eye rolls in the known universe to register my true feelings on this matter.

srmalloy
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srmalloy

LoganDarklighter Also ‘epicaricacy’, but that’s a more obscure word.

srmalloy
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srmalloy

Loyheta It’s not the law that’s going to punish them, it’s the culture. The embezzlers have demonstrated a complete lack of proper respect for their place in the corporate power structure, and they’re going to have bow and scrape for decades before they ever get a position anywhere but the rock bottom shit jobs.

kofteburger
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kofteburger

Loyheta kofteburger BoredNow it’s a joke not trolling. At first I did thought it meant win.

Nate Woodard
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Nate Woodard

Sorenthaz Nate Woodard spacetail Heh, Nexon won’t be able to use this as a means for a hostile takeover.  NC Soft was protecting their funds and assets, found embezzlement within their company and took the appropriate action.  I think they definitely need to file criminal charges against those responsible and collect damages.  This will strengthen their plight against Nexon in the long run.

Loyheta
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Loyheta

kofteburger BoredNow On the off chance you are not trolling.. their currency is called ‘won’

Loyheta
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Loyheta

so a million won = 878 dollars… so tens of millions equals several thousand dollars… and they are “considering” filing charges. Ah they only stole 15 thousand dollars… no biggie /sarcasm

Sorenthaz
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Sorenthaz

Nate Woodard Sorenthaz spacetail  Because they can be all like “oh look at how irresponsibly you’re using money, we’ll take it over from here boys!” …or something.  
I don’t know how business politics work.  But if Nexon is intent on trying to take over NCSoft then they’ll probably grab at whatever openings they can.

Nate Woodard
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Nate Woodard

Yes, it’s not that much money, and yes I get that people don’t like NC Soft for various reasons, but come on.  If this was my company, I would be livid.

Nate Woodard
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Nate Woodard

ZNSinger ManastuUtakata Eliandal Flimflamberge I agree, but he used terrible wording for that.  It’s pretty easy to ignore the rest of the sentence when you begin one the way he did.

Nate Woodard
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Nate Woodard

Sorenthaz spacetail How so?

Sorenthaz
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Sorenthaz

spacetail  Well if it wasn’t Nexon then this basically gives Nexon some ground for a hostile takeover like they were trying to do.

spacetail
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spacetail

Sometimes I feel I read mmo news like I’d read updates from a soap opera.
“Will NCsoft and Nexon v

Zulika_Mi_Nam
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Zulika_Mi_Nam

Oh great, now you are just giving Brad more ideas.

Gylnne
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Gylnne

ManastuUtakata Estranged A Dad Supreme skoryy LOL

Gylnne
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Gylnne

Golden_Girl LOL

DPandaren
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DPandaren

syberghost A Dad Supreme Dunkin’ Donuts is a pretty pricey place the list time I went to one in the RoK.

Golden_Girl
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Golden_Girl

syberghost They’re probably considering re-hiring them to design their next cash-shop.

Golden_Girl
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Golden_Girl

Criminals stealing from criminals really isn’t that uncommon.

ZNSinger
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ZNSinger

ManastuUtakata Eliandal Flimflamberge I think the fact that so many here are saying ‘well It’s NCSoft so they deserve it’ (which I *don’t* approve of, btw) just made it really really easy to make the leap. You know how sometimes, you see the same sentiment repeated over and over, get madder and madder, and finally see one last thing and flip and respond…except that time, you’d been so steamed you mis-understood and fired in the wrong direction. Or at least, I know that’s happened to me.

ZNSinger
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ZNSinger

So, I actually did some converting. Tens of millions of won is pretty vague, but 30 million won would be about 26k, and 50 million would be about 44k. Plenty of their better employees probably get paid more than than in a year. Still, real money. Just not huge amounts (by the standards of a company their size).

Blackomen
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Blackomen

“tens of millions of Korean won,”
So they got away with a few hundred dollars? I kid. I kid.

Peregrine_Falcon
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Peregrine_Falcon

I do not condone or endorse stealing, or any other illegal activity.
However, due to their own actions I just cannot feel any sympathy for NCSoft.

blast tyrant
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blast tyrant

Estranged
http://www.imdb.com/name/nm0515296/?ref_=tt_trv_qu:
Ah no, you don’t understand. It’s very complicated. It’s uh it’s
aggregate, so I’m talking about fractions of a penny here. And over time
they add up to a lot.
http://www.imdb.com/name/nm0000098/?ref_=tt_trv_qu:
Oh okay. So you’re gonna be making a lot of money, right?
http://www.imdb.com/name/nm0515296/?ref_=tt_trv_qu:
Yeah.
http://www.imdb.com/name/nm0000098/?ref_=tt_trv_qu:
Right. It’s not yours?
http://www.imdb.com/name/nm0515296/?ref_=tt_trv_qu:
Well it becomes ours.
http://www.imdb.com/name/nm0000098/?ref_=tt_trv_qu:
How is that not stealing?

blast tyrant
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blast tyrant

Come on now, these guys were just trying to recreate the plot of Office Space.

Sorenthaz
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Sorenthaz

Please say that that third party was Nexon.

kofteburger
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kofteburger

BoredNow kofteburger they have won currency?

BoredNow
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BoredNow

kofteburger Currency. 10 000 won are around nine dollars.

LoganDarklighter
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LoganDarklighter

There’s a word that describes the feeling I have towards NCSoft at this moment. 
Ahhh schadenfreude. Sweet sweet schadenfreude. :D

AlexSmithWI
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AlexSmithWI

Damonvile BigMikeyOcho syberghost I imagine it’s korean law and I have no idea what those are like so won’t comment beyond we don’t know.

A Dad Supreme
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A Dad Supreme
kofteburger
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kofteburger

” tens of millions of Korean won” won what?

syberghost
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syberghost

Armsman syberghost they have a fiduciary duty to their shareholders, who can file suit against the corporate officers directly if they fail to meet that duty. I am not a lawyer and my pre-law studies didn’t cover Korea, but I’d be very surprised if it’s not basically the same for them. They pretty much have to file this with their local authorities regardless of whether they think said authorities can prove it to the satisfaction of a jury.

Armsman
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Armsman

syberghost I’m sure internally they are confident they found the perpetrators, BUT being able to prove it to the satisfaction of a Judge/Jury can be another matter; although given it’s a major crime, shouldn’t the local government be pressing criminal charges regardless?

syberghost
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syberghost

Jack Pipsam two? You must be a “glass is half full” kind of guy.

Voodoo Girl
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Voodoo Girl

Proof that karma is a b****.

Jack Pipsam
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Jack Pipsam

They most likely knew the game had 2 years of life in it before NCsoft would shut it down.

Snky
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Snky

Flimflamberge Do your own embezzling instead of asking others to do it for you.

breetoplay
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breetoplay

Damonvile Flimflamberge Eliandal That’s how I took it — not that he was saying it was OK in any way, more like saying they weren’t just criminals but stupid criminals to risk (and lose) so much for so very little gain.

ManastuUtakata
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ManastuUtakata

Eliandal Flimflamberge 
Not putting words in your mouth, but extrapolating from what you appear to be indicating that this wasn’t really a big deal.

ManastuUtakata
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ManastuUtakata

Estranged A Dad Supreme skoryy 
…oh wait, you don’t all drive pick-up trucks down there? >.>

eLdritchMD
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eLdritchMD

Estranged PandaSkulls A Dad Supreme skoryy the big boys being all the other shitty cars half made of plastic? :P

These days, the nicer they look the shorter they’ll last. Take it from a plank beater – you’re better off investing in something built in the 80s or early 90s and having someone kit it out with all the new gadgets. Probably same price – will last longer.

Damonvile
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Damonvile

BigMikeyOcho syberghost There’s charging them with a crime which the police and government are then responsible for prosecution and there’s a civil suit to try and get the money back. I doubt they’d ever see any of that money back after the legal fees to sue them are tallied up but they should be sending them to jail for what they’ve done.

Damonvile
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Damonvile

Flimflamberge Eliandal I think you read too much into what he was say. You’re totally right but I think he was saying they ruined their lives over very little money.

nightbeard
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nightbeard

It was probably part of an elaborate plot to make gw2 esports relevant

Flimflamberge
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Flimflamberge

Eliandal Flimflamberge
Just seems distasteful to sneer about thieves not stealing “enough” before they’re caught, when that money would otherwise be paying people making an honest living.

BigMikeyOcho
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BigMikeyOcho

syberghost There’s always a risk. Could be the amount that they think they can legitimately recoup from the suit (probably not the full amount, you can only get so much blood from stones), company image, what their insurance is like, and the cost of filing suit and hiring lawyers itself. Sometimes, even those in the right, it’s not worth the cost to pursue.

PandaSkulls
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PandaSkulls

Estranged A Dad Supreme skoryy I’ve been happy with the three I’ve owned.  Driven past the plant a bunch of times, didn’t know they actually did tours.  :)

hults2
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hults2

Guess now we see why Nexeon was demanding better disclosure from NCSoft, huh?

couldn’t happen to a nicer bunch of schmucks.

Eliandal
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Eliandal

Flimflamberge Eliandal  Woah there, words in my mouth much?  My entire point was that they’ve now lost their jobs, face possible prosecution, and most likely a blackballing – all for an amount that (even at the top end) most likely doesn’t even equal their salaries

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