June 18th, 2017

Pantheon: Rise of the Fallen’s financials under scrutiny from community

pantheon: rise of the fallen
The now-deleted Facebook posting detailing some of the financial decisions.

All is not well in the community of Pantheon: Rise of the Fallen, former Everquest and Vanguard man Brad McQuaid’s proposed MMO. After an unsuccessful attempt to raise $800,000 USD on Kickstarter, McQuaid took the crowdfunding to Pantheon’s own website and raised a self-reported $148,000 USD.

However, pertinent questions are being raised about how those funds have been used. Piecing together information from the ReRolled forums, Reddit and a piece on SegmentNext, it appears McQuaid took a substantial portion of the $148,000 USD as a three month salary advance. A since-removed post on theĀ Pantheon: Rise of the Fallen Facebook page (helpfully screen-capped for posterity) suggests this figure was around $45,000 USD; a staggering 33% of the total raised for the supposed funding of an MMO.

That same Facebook posting has a reply from the wife of a now departed developer on theĀ Pantheon: Rise of the Fallen project (Tony Garcia) in which she states “I can’t even begin to tell you how disgusted I am with how the money was managed for this project.”

User Frenzic over at ReRolled says he has interviewed Brad McQuaid on two occasions and was informed that “roughly 38% of the funds that were left” of the $148,000 USD went towards McQuaid’s advance salary.

Around $35,000 USD of that $148,000 USD is said to have come from one individual, who (McQuaid claims in the interview) had planned to offer “another couple hundred thousand” when it was cleared with his trust. The trust supervisor “declined without even looking into the project.” Without more information it’s difficult to say what the financial and tax implications of such an arrangement may have been, but it appears to have fallen through in any case.

This is probably for the best, as at a rate of $45,000 USD for three months work McQuaid’s annual salary would have been around $180,000 USD. For development of an MMO that to date had raised a total of $148,000 USD. Something about that budget doesn’t quite work.

Effectively, then, Pantheon: Rise of the Fallen is running out of money from an already small pot, and McQuaid appears to have diverted a sizeable portion of the cash raised to his own personal expenses. In case you were considering donating to this project now or in the future, my advice would be this: don’t.

Related to this article
  • McQuaid’s Pantheon: Rise of the Fallen fails to reach Kickstarter goal
  • Brad McQuaid reveals his new MMO Pantheon: Rise of the Fallen
  • Comments:
    • Ceder

      Salim Grant, former lead developer with this project(all the devs, some of whom considered brad friends walked) on a net radio show last night stated that the numbers brad has been saying on what was taken are much less than the documentation he has and has encouraged any of the “new volunteer developers”(most of whom are people who were just simply backers)to contact him to see those documents so that they can be fully aware of just how bad the situation is.

    • Ceder

      Salim, former lead dev with Pantheon yesterday on KTAM radio addressed that the above numbers were not true…. that the actual numbers and situation are much much worse:

      • Paul Younger

        Interesting stuff Ceder it all sounds like a complete mess so thanks for posting that in the story. Sheds more light on what’s going on with this.

    • lazerbeak

      this one of the problems I have with kickstarter theirs so much trust involved, why someone hasn’t done a even bigger scam I don’t know, for instance raising millions of dollars for a space sim that seems to be good to be true

    • Tom foolery

      Well this kinda solves it. Brad McQuaid is a scammer.
      Anyone who donates money after this horror story is a idiot.

      • Paul Younger

        Let’s just say that the conversation Cedar posted doesn’t exactly paint a pretty picture of the situation.