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Legal Issues

by Mike Masnick

Fri, Dec 19th 2003 12:48am





Edge Pushing Video Game Maker May Have Pushed Accounting Edges

from the rules?--we-don't-need-no-stinking-rules... dept

Take-Two Interactive, known for making video games that push the edges of taste (such as Grand Theft Auto), may also have been pushing the edges of accounting laws. The SEC is getting ready to charge them with accounting violations. How long until they come out with a new game that includes random indiscriminate killing of SEC agents?

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    beegee225, Dec 19th, 2003 @ 5:53am

    No Subject Given

    Wasn't it Al Capone that was finally caught by not paying income tax?

     

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    Anonymous Coward, Dec 19th, 2003 @ 7:13am

    No Subject Given

    Not surprised. TTWO has a long history of questionable accounting practices. It's been about two or three years since their last investigation (and subsequent apology).

     

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    LittleW0lf, Dec 19th, 2003 @ 7:49am

    TTWO Not Following the Standard Script

    Jeesh, TakeTwo isn't following the standard script either...they haven't blamed their customers, internet piracy, the economy, or terrorism for their mistakes. Come-on TakeTwo, I realize you aren't that big on following the pack, but at least play by the rules.

    I was hoping they would start going out and suing their customers, which seems to be the latest craze.

    In seriousness, I think this is actually a continuation of a previous investigation, and not anything new. The SEC found some shaky business going on at the company, and decided to look into it. They then found more evidence of shaky business practices, and decided to file an official complaint against the company. It is the same deal they got caught for last time, and they went back and restated their earnings and apologized, now the SEC is finally getting around to prosecuting the crime they already "fixed" and apologized for. Nothing to see here, move along.

     

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    simon, Nov 7th, 2006 @ 8:32am

    think it shoud stay

    i think you should leave people to make games as they will

     

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