May 16, 2006: Phantom Console Pump and Dump Scheme

Jeffrey Powers @geekazine business, ceo, Dump, faxes, game system, geek history, gotomeeting, history, Investing, investors, january 2005, os x, os x tiger, phantom entertainment, Podcast, promoter, Pump and dump, restricted stock, Scheme, Shell corporation, spaghetti, stitcher, stock prices, Sugar, Sugar Labs, technology history, Tiger Direct, timothy roberts, Trading halt, US Securities and Exchange Commission 0 Comment May 16, 2016

2006 – Phantom Entertainment former CEO Timothy Roberts was accused of running a Pump and dump scheme on the Phantom console – a Game system that never came to market. In 2004, he hired a promoter to send faxes stating the Phantom system would ship January 2005. Of course that drove up stock prices in which investors could profit on, including Roberts and the promoter (who got 4 million shares of restricted stock)

Full Day in Tech History podcast show notes for May 15

Subcribe to Day In Tech History:

RSS Feed - iTunes - Google Play - Spotify
Twitter - Facebook

- RSS Bandwidth by Cachefly Get a 14 Day Trial

Be a Part of the Sconnie Geek Nation!

In Wisconsin, friends are called "Sconnies". Even if you're not from Wisconsin, you can be part of the Sconnie Geek Nation through my coverage! By pledging, you join the Geek Sconnie Nation! Plus, you help me cover costs so I can continue the coverage of Gadget tech, music tech, and geek culture through the shows.