An accountant who stole from his employer blew $1 million of his booty on a cell phone game.
(CCM) — A California man stole $5 million from his employer and then proceeded to fritter away $1 million playing the Game of War mobile app, according to a Washington Post report. The game is one of the highest grossing free mobile games in the world, generating sales of over $800,000 every day. Players can buy items in the game using real money in order to further their progress and build up empires, with the average user spending around $550 per year. Much of that spending goes on purchasing crates of gold for $52 per crate. Other free games typically receive an average of just $87 per year from players from similar in-app purchases.
Kevin Lee Co pleaded guilty to fraudulently using company credit cards to steal the money, which he also used to buy luxury cars and tickets to sporting events. He embezzled money from his employer, a Caterpillar machinery dealer, for a period lasting eight years from 2008 to 2015, after which he left the company before being caught. Thanks to his Game of War spending habit, he now faces up to 20 years in jail on counts of wire fraud and money laundering.
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