>>10897581The investment firm Blackoak Capital gave them a big covid bailout in 2021, but Matt Westover (Megalopolis/Toy Overlord and Premium DNA CEO) was still running the show at the time, and people were being charged for "just arrived" product that wasn't actually in stock and having trouble getting refunds for nearly a year before that. I am unsure when exactly Blackoak took full control (when the ship was well and truly sinking), but Westover had strung along people with promises of refunds and defrauded customers a long time before then.
I can't find evidence of Blackoak scamming Megalopolis though. It seems like they were the initial investors in Megalopolis, and gave them the bailout, and took over once things were fubar.
But it looks like Blackoak are being sued by someone else for running a Ponzi scheme.
Looks like everyone involved is a dodgy cunt.