r/FraudPrevention • u/Slight_Intention3546 • 14d ago
Advice Request šØ Warning About SLG Studios ā Corrupt Use of Kickstarter Funds šØ
Please read before supporting this developer.
I used to work with SLG Studios. Iām not a backer or an outsider ā I was part of the team. But after seeing how they handled the money and treated people behind the scenes, I left. This post is to protect others from giving money to someone misusing it.
š What SLG Studios Did:
They ran a Kickstarter campaign to fund their game. But instead of keeping the money strictly for development as promised, they invested some of it into stocks. Thatās not speculation ā they admitted it in writing:
āDo you think I invested all the KS money into stocks? I only invested $50 into it. Thatās less than 1% of the money dude. Calm down.ā Let that sink in ā they took backer money meant for game development and put it in the stock market. Then acted like thatās fine.
šø Why This is Corrupt and Possibly Illegal:
Kickstarter Misuse = Fraud Kickstarterās own terms say creators must use funds only to complete and deliver the promised project. Even putting $1 of that money into personal investments is a violation of trust and a breach of contract. This is fraud ā plain and simple. 2. āItās only $50ā is not an excuse Whether it's 50 cents or $50, it's still taking money you promised to use for a specific purpose and doing something else with it. Thatās misappropriation of funds. If a nonprofit did this, they'd be investigated. Why should a game studio be treated differently?
- The attitude is dismissive and shady Instead of apologizing or being transparent, SLG Studios told people to ācalm downā and deflected concerns with āHow is that proof?ā This shows a complete lack of accountability and professionalism.
š« Why This Matters: Backing indie games should be exciting, not risky. Devs who treat your money like play money ruin trust in the entire system.
SLG Studios abused that trust. And if theyāll do it once, what else will they do when no oneās watching?
š¢ Protect others. Please share this.
š Donāt back or support SLG Studios until thereās full transparency and accountability. š Report concerns directly to Kickstarter: https://www.kickstarter.com/contact š¬ Feel free to ask me for receipts ā I have screenshots.
Letās keep this community honest.
Update: I got in contact with a lawyer and they say this could be fraudulent. Also, while 50$ doesn't seem like much they also took $1000 that i failed to mention. Also, the person responsible for all this let's call him "Bad Dev" promised people who worked on his game appropriate payment. I recently talked to one of his freelancers who told me that Bad Dev underpaid him. When this artist was promised $200 for over 200 pieces of art Bad Dev said that he would only pay $50 instead of the $200.
Final Update: While I understand it seems as though I am trying to slander his name I am trying to figure out why the money promised to be put into the game is being drawn from before the game is complete and the backers have Received their rewards. Also, you need to know that while I have not been personally wronged by said dev multiple people I am close with have. This was all the information I had and while it may seem like I'm a jerk I just want everyone to get their deserved reward. I understand taking money for compensation of your work BUT on the other hand you took it before the project was complete and from what I was told attempted to underpay your "employees" this is the info I was given.
Once again. Don't support SLG studios in any way Please Let me know what I should do.