| Day 4 - 21 days until Christmas |
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GFF is a community of gaming and music enthusiasts. We have a team of dedicated moderators, constant member-organized activities, and plenty of custom features, including our unique journal system. If this is your first visit, be sure to check out the FAQ or our GFWiki. You will have to register before you can post. Membership is completely free (and gets rid of the pesky advertisement unit underneath this message).
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 Member 848 Level 30.62 Mar 2006 
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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.  |
Member 991 Level 14.63 Mar 2006
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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.
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Member 4747 Level 7.65 Apr 2006
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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.
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Member 2373 Level 22.69 Mar 2006
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Why is this even in the Videogame section?
'The Place of Laughs and Games' seems more like it. |
