Remember how everyone thought the Phantom was just a big scam?
 

They were right!

Possibly the worlds stupidest con artist has been charged with a "pump and dump" scam. Basically, Timothy Roberts had a ton of faxes sent out to make it appear Infinium Labs was actually going to release this turkey, artifically inflating the company's stock, then he sold all of his own shares and tried to run for it.

I just thought this was amusing considering everyone pretty much called it years ago.

LOL, I suspected something like this was going to happen. I remember reading in a gaming magazine a few years ago (I think it was Computer Gaming World, but not sure) where they ran an article that talked about that guy and his past attempts in the gaming world (where he basically launched a bunch of crappy things that never got off the ground or went bust), so I thought his latest attempts at something like this was probably just another attempt to grab money.

Is anybody really surprised? Certainly not anybody who's read the HardOCP article which pretty much exposed the guy. And for only $422,500, I doubt the whole scheme was worth the time he'll be spending in jail.

Why is this even in the Videogame section?

'The Place of Laughs and Games' seems more like it.