Infinium Labs CEO Faces FCC Charges

Timothy Roberts, chairman and former chief executive of Infinium Labs, has been charged by the Securities and Exchange Commission for having a hand in illegally inflating Infinium’s stock price while he sold his shares. Roberts allegedly hired someone to send junk faxes to thousands of investors telling them that the vaporous Phantom console was going to be released.

Why anybody thinks they will get away with this is beyond me. But what’s funny from the entire mess, is despite all of these issues that arise, Infinium is still working towards releasing products in the future. Head on over to DailyTech to read more.