The US Securities and Exchange Commission (SEC) has imposed penalties on a distributor that it alleges helped Grand Theft Auto publisher, Take-Two Interactive, inflate revenue reports. Despite this, investigations continue into the events, which took place between 2000 and 2003, the SEC announced yesterday.
The games distributor, Capitol Distributing, did not admit or deny the allegations, but accepted various, apparently minor, restrictions on its behavior. The company's founder was fined $50,000.
SEC documents released in the case describe how games and cash were exchanged in the complex accounting scheme that added more than $5 million to Take-Two's apparent revenue.