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Infinium Labs in Trouble Again
sm4kxd writes "Eurogamer is reporting that Infinium Labs is being investigated by the SEC. Apparently the SEC is particularly interested in the dealings of the company under previous CEO Tim Roberts, and are going so far as to file charges against Tim himself. The exact charges have not been revealed; Infinium believes it has to do with a 'recent SEC enquiry into phony fax scams, where penny stocks were illegally advertised to investors. The SEC also claims that Infinium did not keep accurate payroll and tax records during Roberts' reign, and owes fines and interest payments to the tune of USD 1.2 million.' It seems the more that is spoken of the Phantom, the more evidence there is that it is the most appropriately titled console in history."
I was looking for any recent updates on this extraordinary device, but can't find anything. Last I heard they had a tiny booth at E3 or something. Shouldn't they be launching soon?
... Gizmondo could buy them out? At the very least they appear to have some sort f product..
It seems the more that is spoken of the Phantom, the more evidence there is that it is the most appropriately titled console in history.
Just you wait until I introduce my console...Vapor!
Their launch title is going to be Duke Nukem Forever, that's why we haven't seen any hardware yet.
"The strong will do what they want, the weak will do what they must."
-Thucydides