Well as you know there are always multiple sides to the story and it turns out that the pair that have been accused of misappropriation of funds want to talk about their version of the real story.
So it turns out that they did use some of the money in the business account for meals at restaurants, but according to them it was at very reasonable costs. They also stated that the accusation of them stealing or misusing all the money is complete, 100% Bullshit.
Apparently from their point of view what happened occurred around Thanksgiving when the complaintant decided to take all of the company money and put it in HIS personally account to finance the game from here on out. It was he would cut everyone else out of the picture. To broaden this picture it was also revealed that there were contractors of all shapes and sizes working along with this game and the were getting paid through that joint company account.
The partners believe that because of the fame and attention that the game was getting that the other decided to cut everyone else out to get all the credit, and then came up with a sob story to further heighten his name in the gaming community.
Now of course there hasn't been a rebuttal to this yet, but one has to wonder how big this treacherous web is going to end up being. Who is in the right, is there anyone in the right? The partners have stated that their financial books are open for anyone to look over to see the legitimacy of their side of the story, but just to play devil's advocate would you really add the actions that would put you in the bad light in your books? If you did wouldn't you perhaps label it as some other expense, probably one more contractor that so happens to have disappeared and people vaguely remember working with but not sure what that person did?
Anyways it apparently boils down to what happened at the last GDC where the group met with Sony, put the down payment for what was needed to get the game on the PS4, and what happened was the demo that was needed never materialized and then all of this shitstorm started happening.
Oh and one more thing the partners are looking to sue this guy for defamation of character as well as theft of company funds. This is going to be something to behold.