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Infinium Labs in Trouble Again

Posted by Zonk on from the over-and-over-again dept.

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."

1 of 35 comments (clear)

  1. Expected Reaction to Slashdot Story by Ieshan · · Score: -1, Redundant

    Infinium Labs Legal Team: "omg you posted teh libelous statements against us and damaged our emotional reputation and possibly our physical reputation!"

    Slashdot Legal Team: "..."

    Infinium Labs Legal Team: "We cast Jack Thompson lvl 10!"

    Slashdot Legal Team: "...he hates you guys, and everything about gaming."

    Jack Thompson: "omg you put words in my mouth you infuriating pixelate! Prepare the PR-machine for WAR!"