Trip Hawkins vs. the IRS

March 28, 2011 -

Trip Hawkins, a founder of EA and the CEO of social and mobile game maker Digital Chocolate apparently owes the Internal Revenue Service $20 million. According to a Forbes report, Hawkins tried to use a personal bankruptcy to nullify the debt but a judge rejected it. U.S. District Court judge Jeffrey S. White upheld a lower bankruptcy court ruling related to tax shelters Hawkins has used to hide the personal wealth he gained from founding Electronic Arts nearly three decades ago.

Judge White said in his ruling that Hawkins knew he was insolvent after the IRS disallowed his tax shelters but "continued to spend money extravagantly with knowledge of his (federal and state) tax liabilities." The judge added that "Hawkins planned to defeat his taxes via bankruptcy and continue living the lifestyle to which he had grown accustomed."

You can read a decent accounting of Hawkins' case on VentureBeat. The short story is that, according to Forbes, Hawkins went out of his way to avoid paying his IRS debt and paid very little of it down while still living an extravagant lifestyle.

Source: VentureBeat

Comments

Re: Trip Hawkins vs. the IRS

Submitted by hellfire7885 on Tue, 03/29/2011 - 15:08.

Well I guess Trip... *dons sunglasses* Is gonna have a nice fall.

Re: Trip Hawkins vs. the IRS

Submitted by Grif on Tue, 03/29/2011 - 02:34.

Well, I guess that explains a few things. Namely, that retarded online pass.

"Power means nothing without honor and pride."

http://grifsgamereviews.blogspot.com My video game review site.

Atlanta Video Games Examiner for examiner.com

 
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prh99: Also there is no story in rational and respectful discussion (where you can find it).10/19/2014 - 10:44am
prh99: Well they are probably doing it on Twitter and probably the GG hashtag so any voice reason gets drowned out by idiocy. Also it's far easier to broad brush a group.10/19/2014 - 10:41am
Wonderkarp: dont fool yourself, Technogeek. Remember Mass Effect 3? How about the ferver against Phil Fish?10/19/2014 - 10:18am
MechaTama31: None of which is the fault or responsibility of the people who are not trolling, harassing, threatening, doxxing, etc. So why is their opinion hostage to the people who are?10/19/2014 - 10:06am
Technogeek: If the developer were male there wouldn't have been a "conversation" in the first place.10/19/2014 - 2:27am
Monte: trolls are just at their absolute worst when it comes to women and feminist. You could bet good money that if the developer were male the trolls would be silent and the conversation would actually focus on the journalism.10/18/2014 - 9:18pm
Monte: Papa: Not the first time we've had a journalism scandals before, but the harassment never got close to this level; the difference with this scandal is that feminists are involved. Without the feminist angle, their would be A LOT less harrassment10/18/2014 - 9:15pm
Papa Midnight: Monte: That's honestly rather short-sighted. As has been proven with other persons who have been targeted, if it wasn't Quinn, it would be someone else.10/18/2014 - 6:26pm
Avalongod: I think that's part of what gives an esoteric news story like this real life...it taps into a larger narrative about misogyny in society outside of games.10/18/2014 - 3:29pm
Avalongod: @Monte, well the trolls made death threats that came to police (and media attention). I think this is tapping into a larger issue outside of games about how women are treated in society (like all the "real rape" stuff during the last election)10/18/2014 - 3:28pm
Wonderkarp: Zippy : Havent tried the PS4 controller. might later.10/18/2014 - 2:37pm
Monte: Seirously, If Quinn was not involved and GG was instead about something like the Mordor Marketing contracts, the trolling would have never grown so vile and disgusting. There have been plenty of movements in the past that never sufferred from behavior..10/18/2014 - 1:57pm
Monte: We have seen scandel's before but the trolling has never been as vile as what we see with GG. Trolls usually have such a tiny voice you can barely notice them, but its like moths to a flame whenever femistist are involved.10/18/2014 - 1:53pm
ZippyDSMlee: Wonderkarp: You might be able to if you had a PS4 controller.10/18/2014 - 1:00pm
MaskedPixelante: http://store.steampowered.com/app/327940/ Night Dive starts charging for freeware.10/18/2014 - 12:21pm
Matthew Wilson: the sad thing is there are trolls on both sides of this. people need to stop acting like their side is so pure.10/18/2014 - 12:19pm
MechaTama31: So, only speak out on a scandal that hasn't attracted trolls? I wouldn't hold my breath...10/18/2014 - 10:49am
Monte: I feel like GG just needs to die. The movement is FAR to tainted by hatred and BS for it to be useful for any conversation. Let GG die, and then rally behind the NEXT gaming journalism scandal, and start the conversation fresh.10/18/2014 - 10:33am
quiknkold: and we dont have a Dovakin to call a cease fire10/17/2014 - 7:37pm
quiknkold: The whole thing is Futile. Both sides are so buried deep in their trenchs that there isnt a conversation. Its just Finger Pointing, Name Calling, Doxxing, Threats. there needs to be a serious conversation, and GG isnt it.10/17/2014 - 7:37pm
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