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Remember how everyone thought the Phantom was just a big scam?
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Monkey King
Gentleman Shmupper


Member 848

Level 30.62

Mar 2006


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Old May 17, 2006, 07:01 PM Local time: May 17, 2006, 06:01 PM #1 of 4
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.

Jam it back in, in the dark.
Gecko3
Good Chocobo


Member 991

Level 14.63

Mar 2006


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Old May 17, 2006, 07:23 PM Local time: May 17, 2006, 07:23 PM #2 of 4
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.

There's nowhere I can't reach.
OnlyJedi
#!/usr/bin/perl


Member 4747

Level 7.65

Apr 2006


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Old May 17, 2006, 07:49 PM #3 of 4
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.

This thing is sticky, and I don't like it. I don't appreciate it.
SketchTheArtist
"I did a 'Full-Cycle'."


Member 2373

Level 22.69

Mar 2006


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Old May 17, 2006, 08:19 PM Local time: May 17, 2006, 10:19 PM #4 of 4
Why is this even in the Videogame section?

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

I am a dolphin, do you want me on your body?
Skëtch's DVD Collection!
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Exploding Garrmondo Weiner Interactive Swiss Army Penis > Garrmondo Entertainment > Video Gaming > Remember how everyone thought the Phantom was just a big scam?

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