Infinium Labs in Trouble Again

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."

What's the latest on the Phantom?

[pudding7]

I was looking for any recent updates on this extraordinary device, but can't find anything. Last I heard they had a tiny booth at E3 or something. Shouldn't they be launching soon?

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[account_deleted]

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Most appropriate? I can top that!

[hackwrench]

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.

Just you wait until I introduce my console...Vapor!

Re:Most appropriate? I can top that!

[BushCheney08]

Just you wait until I introduce my console...Vapor!

That's pretty clever of you. Even if you don't get it to market, there's already a whole ton of software designed for it...

Keep the faith

[SiliconJesus101]

Their launch title is going to be Duke Nukem Forever, that's why we haven't seen any hardware yet.