Phantom CEO: Ghastly Scandal
The Phantom gaming service is pretty much just that, and has been for years and years while Infinium Labs continues the longest development process in the history of the world. Turns out that gamers weren’t the only ones screwed by former Infinium CEO Timothy Roberts.
Our entrepreneuring little friend allegedly decided that Infinium stocks needed a serious boost (why ever for??) and maybe, just maybe, if he had a promoter fax around details suggesting the service was almost launch worthy to investors, things would turn around. The investors, no doubt cheered by assertions that stock prices could leap as much as $3000, did see Infinium stock rise, at which point Roberts conveniently sold over a million company shares for a tidy little personal profit.
Naughty boy.
The Securities and Exchange Commission got wind of the whole deal and are now investigating Roberts. They would like him to kindly return all the money he tucked in his pocket, and would also like to ban him from serving as an officer or director of any public company.
I think this poor service should just be tucked under the rug and forgotten. Although it seemed kind of neat eons ago when the idea was publicized, the neverending delays and unfulfilled promises make me think that even if Infinium launched a comprehensive, user friendly service, it would wallow in obscurity.
On a personal matchmaking note, I’m thinking that Roberts and former Gizmondo exec Stefan Erikson would make a darling couple.
(source)
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