MAN SPENDS $1 MILLION OF STOLEN MONEY ON PHONE APP GAME

A man named Kevin Lee Co, during a period from May 2008 to March 2015, was able to defraud almost $5 million from his employer Holt, a heavy machinery company based in California. Co managed Holt’s accounting department and as the company’s controller, Co oversaw Holt’s commercial credit account. He made hundreds of unauthorized credit card transactions on the company’s account. He spent the money on luxury cars, season tickets to see the Sacramento Kings and the San Francisco 49ers, plastic surgery and a membership at an exclusive country club. But that’s not the real story here. Mr. Co spent over a million dollars alone on “Game of War,” a smartphone game that is considered a freemium app – it costs nothing to acquire but requires monetary purchases in-game. In other words, if you want better weaponry or some such within the game, you can purchase it. The average paying player spent $550 on the game in 2015.
* So – what level did he get to?
* His dad is gonna be so mad when he finds out.
* It took them 7 years to find out? Gee, he almost made it past the statute of limitations.
* He spent a million dollars on the game, plus they have to dock him for the time at work he spent playing it.
* At least he didn’t blow it on something stupid like, you know, short-term bonds, or hookers.
* Wow, it’s tough enough running a manufacturing company in America without some clown robbing you blind.
* He worked for the Holt company but mainly the Holt Company worked for him.
* 5 million in credit card transactions? Reminds me of my last trip to the mall.
* At least it felt like 5 million to me.

* PHONE TOPIC: What did you once blow a lot of money on that, now, you can’t believe you did that?