Funcom Raided By Norwegian Economic Crime Unit

Michael Dunaway
By Michael Dunaway, News Editor January 29, 2014
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As reported by numerous venues, such as this one, Norwegian MMO developer Funcom was paid an unwelcome visit this morning by officials from the National Authority for Investigation and Prosecution of Economic and Environmental Crime, who "raided the offices and packed boxes of seized documents into a van." Employees were sent home and the company's stock was taken off the Oslo Stock Exchange.

According to the company, Funcom is being charged with breaching disclosure statements related to The Secret World and may be further investigated for failing to track who had access to inside information. The charges may be related to the actions of former Funcom CEO Trond Aas, who stepped down on July 2, 2012, the day before TSW launched and, it was later revealed, attempted to sell his 1.5 million shares of stock in the company. Aas is suspected of taking this action so he could more easily sell off his stock without officially having to inform the Oslo Stock Exchange. The Secret World was scheduled for a June 30 launch and pushed back three days.

In addition to The Secret World, Funcom has two free-to-play MMOs -- Age of Conan and the in-development LEGO Minifigures Online. How those games, as well as TSW, will be affected by these actions is hard to say, but it can't be a positive thing. If Trond Aas is the primary rulebreaker and his punishment, if any, can be separated from any sanctions handed down to Funcom, then it would seem that business as usual can resume. If the company itself is caught in the crossfire, then things could get messy.

We have reached out to Funcom regarding this incident and will update this article if and when we receive a response.

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About the Author

Michael Dunaway
Michael Dunaway, News Editor
Michael Dunaway has been part of the MMOBomb team for years and has covered practically every major Free-to-Play title since 2009.

Discussion (8)

Grey 7 years ago
So whats gonna happen to The Secret World its one of my favorite mmos that I "paid" for and had a strong liking to it.

Knight Templar 7 years ago
Thats what you get for messing with secret societies..

Vinal 7 years ago
You forgot Bloodline Champions. Funny that there was once a time gamers hyping about Bloodlines as a next competitive MOBA. But now it's out of people's heads now, huh?

chefmadness 7 years ago
I hope they don't shut down secret world. that would suck. I like the game a lot & play all the time.

Axiom9 7 years ago
Damn....I have owned The Secret World for a year now and only got to play a little and just reinstalled it to actually get some play time in...man I hope this works out I really want to lvl up my characters :(

TheGamer 7 years ago
" Aas is suspected " There is a small error in the article there :D
Also, isn't Anarchy Online also from FunCom? I don't see you mention in there, but maybe i'm wrong.
As for the article, well, this is messy, i hope they don't bring the whole company down, but at this point we really don't have that much information to work on, looking forward to see their response.

View 1 reply
Iwasn'tbotheredtothinkofaname 7 years ago
DAYUUUUUUUUUUUUUUUUUUUUM


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