Developers spend kickstarter funds on strippers and booze

shutterstock_275329850A game project had to be cancelled after the developers spent all the kickstarter money on strippers and booze – they apparently wasted the rest.

According to PC Worldlead programmer Eric Tereshinski resigned from the Ant Simulator  project after finding out his business partners “were secretly stealing company money”.

More specifically, “They had secretly spent the overwhelming majority of both our Kickstarter money and the Ant Simulator investment money on liquor, restaurants, bars, and… strippers,” says Tereshinski.

“My ex-business partners directly said to me, ‘If you release Ant Simulator without us, I will sue you.’ Resigning and cancelling Ant Simulator is really the only option available to me right now.”

Tereshinski signed an LLC with two of his long-time friends.  He said: “They went over the contract line by line with me and I reviewed the whole thing twice. I just didn’t realize they had protected themselves, screwed me (like the fact that they listed themselves as consultants, so they aren’t legally obligated to work on anything, but still have the rights to spend money etc.), and I had no idea what their plan was until it was too late.”

Tereshinski could  sue but the most likely outcome is “that things end up more or less the same as they are now” with only the lawyers richer. So he’s walking away.

Backers can apparently expect an email about refunds soon.