State Attorney General Handling Consumer Complaints Against Issaquah Gaming Company

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Soulbound Studios

An Issaquah based video game company founded in 2015 by industry veterans Jeromy Walsh and Eddie Smith recently ceased operations. Soulbound Studios was developing the game Chronicles of Elyria through a crowdfunding effort on Kickstarter. A group of those investors have filed complaints with the Washington State Attorney General’s office claiming they were deceived. And others are seeking revenge and accountability.

A concerned investor recently shared a document with Issaquah Daily they received from Soulbound Studios in response to an inquiry from the attorney general’s office. That document is available in its entirety, here.

The studio had raised $900,000, but stated they needed $3 million more to complete the game. Over the lifetime of the company almost $8 million had been raised, including investment from a co-owned marketing company, Search Engine PPC, led by Mr. Walsh’s spouse and current City of Issaquah Council Member Lindsey Walsh. Issaquah Daily is not aware of any complaints directed at Mrs. Walsh, who was listed on Soulbound Studios website as Outreach Coordinator.

Soulbound Studios Team

The closing of the company and thoughts related to it, were detailed in a nine part post on Twitter from Mr. Walsh.

7 COMMENTS

  1. Did Mrs. Walsh receive any payment from the funds raised by this company? How much did she and her husband pocket since the project started?

    • Mr. Walsh received a salary from working for the company, not sure why Mrs. Walsh would not have also received one, at least until she was paid the amount she invested lol. Less of a gamble investing your company’s money if you get a paid position after the company makes millions.

  2. Thank you for writing about this and keeping the people informed! Feel free to reach out to us for further updates on this story as we progress in our fight for justice.

  3. So, after sending a mass message to all the Chronicles of Elyria Investors stating that he DID NOT shut the game company down, he goes to his Twitter page and says “As many of you know, it became necessary to shut my game company down”

    What the actually bad words is this all about?

    • He stated on Twitter 4 days after the Into the Abyss. But saying he was closing it on several different social media accounts, does show it wasn’t an accidental use of words. Had he only mentioned it on the Into the Abyss post, that could be a mistake, however, when you say it days later on Twitter and LinkedIn you can’t say it was a mistake. This just shows how the man is lying to try to protect himself from refunding $7.9 million dollars and possible action from the Washington AG, which some investors have already started filing complaints with the FBI’s IC3 division. The man can’t hide from this and until he refunds every penny, we will continue to remind him of his illegal and unethical behavior.

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