You may recall the story of Infinium Labs and their very aptly named "Phantom" gaming console. Announced to great amounts of hype, it had some people scratching their heads from early on asking if it was really real. Some enterprising folks did some investigating and turned up an awful lot of evidence that the whole thing was a big scam, set up by the founder who had a history of shady business dealings. Every attempt to prove it was real wasn't particularly convincing. They showed up at CES in 2004, but wouldn't actually turn the box on and even announced a release date of March 31, 2004 (yes, 2004), which came and went. In February of that year, the company tried to silence critics in two ways. First, they hired Kevin Bachus as CEO. Bachus was one of the early creators of the original Xbox, and gave the company immediate credibility -- just as more accusations started coming out about how the company was really just a stock scam. The second way they tried to silence critics was to sue them. Rather than actually answer the charges that the company was a scam, they sued the original reporters who dug up the story. Since then, they haven't done very much, other than show up at the occasional trade show while still keeping most of the details secret. A year ago, stories started floating saying that the company was out of money. They apparently did raise some money, but were immediately sued by the investment bank that helped them, claiming that the company never paid them for the help. If all that hadn't scared you away from the company by now, perhaps the fact that its last shred of credibility apparently just walked out the door when their "respectable" CEO quit the company. And the Phantom console itself? Still appears to be complete vaporware.
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