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UPDATED - Former Funcom CEO - Allegations of Insider Trading

UPDATE: Funcom has issued the following statement:

"The four individuals charged in this case are no longer employed by Funcom. As Funcom is neither charged or under investigation in this matter, it will not have any impact on the company, our games, or our players."

Reuters is reporting that the Norwegian National Authority for Investigation and Prosecution of Economic & Environmental Crime has alleged that former CEO of Funcom Trond Arne Aas knowingly participated in "market manipulation and insider trading" during a nine month period in 2011-2012. Charges are pending.

Three othersare set to be charged as well, though they have not been named nor has their current or former affiliation with the company been revealed.

You can read the full, but short, report at the link above.

Thanks, Brenics, for this forum thread.

Suzie Ford / Suzie is the Associate Editor and News Manager at Follow her on Twitter @MMORPGMom

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