Infinium Labs = Possible ginormous scammers

Fygee

Bewbs! Z'OMG, Teh BEWBS!,
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Apr 21, 2001
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There have been lots of doubts about Infinium Labs and their upcoming home console dubbed the Phantom, but this article here makes it look like nothing more than one giant scam to get uninformed investors' moolah.

http://www.hardocp.com/article.html?art=NTEy

Quite a few interesting tidbits there regarding the company, its CEO (who's been the CEO of 8 companys in eight years, all of which were bought out or completely folded), and the console itself.

So far from what that site has said, it looks like a total complete scam. There is no home office. At all. Just a PO Box. The listed address on the site points to a small strip mall and a room empty except for a single desk and telephone. Also, the CEO, who has had eight failed ventures as a CEO for other companies, and also used to work at WorldCom (that's a huge "uh-oh" sign right there), appears to get angry when anyone questions what's going on, flaunting the supposed fact that he lives at a "3,000,000 dollar home". One would assume someone with that kind of money could at least afford a home office.

They've also produced nothing more than a 3D model of the console. Not a single bit of physical evidence that it even exists has been presented, and Infinium has pulled out of all events where it was supposed to be unvieled.

It should also be noted that in a bit of symbolism, the first person booted off the new Survivor show is an executive at Infinium Labs (or Infinium PO Box rather).
 
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toy_brain

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Jun 27, 2001
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Yea, someone over at the www.pcvsconsole.com forums (I lurk there sometimes) posed some similar news.
Seems like this CEO guy likes to start up ambitious new projects, get funding for them from other people/companies, then bugger off without actually producing anything.

The fact that the console is called 'Phantom' is rather appropriate really.
 
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Bishamon

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Woah! That makes it worth buying right there! *snicker*
 

Tacitus

Volatile Memory Construct - SN://0467839
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What's that saying again???

... one born every minute?
 

Domino-chan

, Certified Gamer Chick,
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Oct 13, 2002
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VanillaThunder said:
What's that saying again???

... one born every minute?

Amen to that. :oh_no:

Sounds like a big steaming heap of pony loaf to me.
 
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