TimothyRoberts
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Timothy Roberts steps down as Chairman, Director of Phantom, which has yet to do something
You can't keep a good snake oil salesman down -- well, until he jumps right the hell overboard from his company. Maybe possibly actually on the eve of -- gasp -- actually shipping something, vaporware stock scamming pump and dump frontrunner Phantom Entertainment (aka Infinium Labs, aka the dudes Gizmondo like sooo looked up to) announced today that its founder, Chairman, and Director Tim Roberts is peaceing out just in time to not screw up their non-sales during this week's E3 conference.Lovely fluff ensues: "'We are grateful for Tim's vision and his service in helping to guide the Company since its inception' noted Greg Koler, CEO and President of Phantom Entertainment, Inc. 'We will miss Tim's counsel and insightful views on the direction of technology and we wish him well with his new endeavors.'" Vision? In producting what, bupkis? Service? In doing what, leaving the company in 2005 with a booty load of stock making the whole business look like a scam? Man, you can't even make this shlock up.Read - press releaseRead - CNN says dude's a crook (2006)Bonus: check out dude's LinkedIn profile. He really seems to believe he's a "Proven Leader in Sales." Sales of what, exactly?
Infinium's name is now Phantom Entertainment
Infinium, the company that didn't bring us the Phantom game console, has changed its name to Phantom Entertainment. Now, I'm not an expert on brand recognition, but renaming your company so it's even more closely associated with a product that has topped vaporware charts and was founded by a person that has been accused of pumping stock doesn't strike me as a good move. Talking of the pump 'n' dump accusation that has been levied against former Infinium CEO Tim Roberts; xantar over at The Gaming Hobo spotted an amusing little snippet regarding the Securities and Exchange Commission's investigation into Roberts. Apparently the fax that provided evidence that Infinium was pumping stock was sent to the commission's California office, making the SEC one of the one million recipients. A tip to any budding fraudsters out there: if you're gonna try and run up stocks so you can sell them at artificially inflated prices, don't notify the authority responsible for cracking down on such illegal activities.
