May 16, 2006: Phantom Console Pump and Dump Scheme
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
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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)
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- Spaghetti-O’s are introduced
- Sugar Labs extends Sugar OS to EeePC
- OS X Tiger vs. Tiger Direct ruling.