Editing Frank Trollman case
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In mid-March, 2010, a former freelancer, Frank Trollman, publicly accused Loren Coleman of being behind the disappearance of a significant amount of money – allegedly around $850,000 – from CGL, implying criminal conduct. The accusation caused a shakeup among fans as well as staff, with several valued employees or freelancers quitting CGL. The ultimate outcome was not announced, but Coleman remained at the head of the firm, did not lose the licenses and was apparently not tried or convicted for any criminal actions. CGL released a public statement providing a summary of the results of a financial review of the company, in which it disclosed strong sales and an increased demand growth of their products. Included in the review was the discovery of some accounting procedures that mixed private funds of the owner with the company's operating capital, due to "accounting procedures [that] had not been updated as the company continued to grow". The realization of this issue resulted in a reported restructuring of the accounting procedures, the start of an administrational organization review and discussions with partners and freelancers regarding indemnification.<ref>[http://catalystgamelabs.com/2010/03/17/catalyst-game-labs-press-release/ CGL: "For Immediate Release"]</ref> In mid-March, 2010, a former freelancer, Frank Trollman, publicly accused Loren Coleman of being behind the disappearance of a significant amount of money – allegedly around $850,000 – from CGL, implying criminal conduct. The accusation caused a shakeup among fans as well as staff, with several valued employees or freelancers quitting CGL. The ultimate outcome was not announced, but Coleman remained at the head of the firm, did not lose the licenses and was apparently not tried or convicted for any criminal actions. CGL released a public statement providing a summary of the results of a financial review of the company, in which it disclosed strong sales and an increased demand growth of their products. Included in the review was the discovery of some accounting procedures that mixed private funds of the owner with the company's operating capital, due to "accounting procedures [that] had not been updated as the company continued to grow". The realization of this issue resulted in a reported restructuring of the accounting procedures, the start of an administrational organization review and discussions with partners and freelancers regarding indemnification.<ref>[http://catalystgamelabs.com/2010/03/17/catalyst-game-labs-press-release/ CGL: "For Immediate Release"]</ref>
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In mid-March, 2010, a former freelancer, Frank Trollman, publicly accused Loren Coleman of being behind the disappearance of a significant amount of money – allegedly around $850,000 – from CGL, implying criminal conduct. The accusation caused a shakeup among fans as well as staff, with several valued employees or freelancers quitting CGL. The ultimate outcome was not announced, but Coleman remained at the head of the firm, did not lose the licenses and was apparently not tried or convicted for any criminal actions. CGL released a public statement providing a summary of the results of a financial review of the company, in which it disclosed strong sales and an increased demand growth of their products. Included in the review was the discovery of some accounting procedures that mixed private funds of the owner with the company's operating capital, due to "accounting procedures [that] had not been updated as the company continued to grow". The realization of this issue resulted in a reported restructuring of the accounting procedures, the start of an administrational organization review and discussions with partners and freelancers regarding indemnification.<ref>[http://catalystgamelabs.com/2010/03/17/catalyst-game-labs-press-release/ CGL: "For Immediate Release"]</ref> | In mid-March, 2010, a former freelancer, Frank Trollman, publicly accused Loren Coleman of being behind the disappearance of a significant amount of money – allegedly around $850,000 – from CGL, implying criminal conduct. The accusation caused a shakeup among fans as well as staff, with several valued employees or freelancers quitting CGL. The ultimate outcome was not announced, but Coleman remained at the head of the firm, did not lose the licenses and was apparently not tried or convicted for any criminal actions. CGL released a public statement providing a summary of the results of a financial review of the company, in which it disclosed strong sales and an increased demand growth of their products. Included in the review was the discovery of some accounting procedures that mixed private funds of the owner with the company's operating capital, due to "accounting procedures [that] had not been updated as the company continued to grow". The realization of this issue resulted in a reported restructuring of the accounting procedures, the start of an administrational organization review and discussions with partners and freelancers regarding indemnification.<ref>[http://catalystgamelabs.com/2010/03/17/catalyst-game-labs-press-release/ CGL: "For Immediate Release"]</ref> | ||