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."

Comments

Re:I'm a bit confused

[chrisbtoo]

SEC doesn't know what it was or Infinium Labs? That's kind of scary if it's SEC.

It's Infinium Labs. That quote is attributed to Kevin Bachus, their CEO.

Trusted Computing

[Alsee]

For anyone not familiar with the Phantom console design, it is (or was?) to be pretty much a standard PC with a network card in a console box locked down with a Trusted Computing chip. The Trusted Computing chip is a boobytrapped self destructing crypto chip to hold the keys and secure the system against the owner. (If the chip detects you trying to get at your keys then it wipes itself.)

Then they get to rent you game downloads over the internet. If you don't pay the monthly / daily / or even per-minute charges then your console securely deletes/deactivates the game. The entire business scheme is founded on the notion of denying people control over their own property.

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