Welcome to the new MegaTokyo Forums! The old forums are available (in read-only mode) at http://archive.forums.megatokyo.com.

Search found 7 matches

by cool2burn
Mon May 20, 2019 9:59 am
Forum: MegaTokyo Visual Novel
Topic: Anybody else up for getting the FTC involved in this?
Replies: 11
Views: 1634

Re: Anybody else up for getting the FTC involved in this?

I would be worried for my friend too tax evasions a pretty serious crime.
by cool2burn
Mon May 20, 2019 9:18 am
Forum: MegaTokyo Visual Novel
Topic: Anybody else up for getting the FTC involved in this?
Replies: 11
Views: 1634

Re: Anybody else up for getting the FTC involved in this?

Did not realizing squandering 300k of investor money is silly....
by cool2burn
Mon May 20, 2019 9:07 am
Forum: MegaTokyo Visual Novel
Topic: Comments concerning VN
Replies: 18
Views: 3363

Re: Comments concerning VN

LOL i am sure he paid the taxes he owed thru kick starter. However once as a business with 300k of capital. If he took money from it for living expenses he needed to file a w-4 and either remove that capital thru hourly pay or salary. Which is subject to federal income tax. And basing this upon the ...
by cool2burn
Mon May 20, 2019 6:22 am
Forum: MegaTokyo Visual Novel
Topic: Anybody else up for getting the FTC involved in this?
Replies: 11
Views: 1634

Re: Anybody else up for getting the FTC involved in this?

Quite honestly I think he must have spent a good portion of that money on living expenses at which time it became taxable income. Even more than the FTC you should report him to the IRS. So they can make sure he paid his taxes on that now income.
by cool2burn
Mon May 20, 2019 6:12 am
Forum: MegaTokyo Visual Novel
Topic: Comments concerning VN
Replies: 18
Views: 3363

Re: Comments concerning VN

Did he pay income tax on the portion of that money he used for living expenses? Hmm maybe report him to the IRS as well. An audit might be in order.
by cool2burn
Mon May 20, 2019 6:10 am
Forum: MegaTokyo Visual Novel
Topic: Comments concerning VN
Replies: 18
Views: 3363

Re: Comments concerning VN

Regardless if he cares the second he started living off the money he raised instead of using it for its intended purpose he deserved to go to JAIL. And in my opinion he still does. LOCK HIM UP!!!