Infinium Labs seem to have been hit with one setback after another their bid to deliver games on-demand, broadband-only console the to market. The Securities and Exchange Commission stateside are now investigating the activities of the firm, in relation to former CEO Timothy Roberts, with unpaid taxes and other violations believed to be the cause of this latest stumbling block. Timothy Roberts could be charged by the SEC over an unspecified matter, which may or may not be related to the penny shares 'fax scam' too. The investigation has revealed unpaid taxes of 1.2 million USD at the firm thus far, but new CEO Kevin Bacchus believes all previous errors have now been uncovered, with a schedule of repayments being arranged. The new CEO added that Infinium would not collapse as a result of this past mistake.

In relation to the IRS repayments, Bacchus told Gamespot that Infinium believed no further skeletons would be discovered, however he also conceded that they didn't expect the unpaid taxes bill either. Bacchus has previously stated, despite innumerable financial problems at the stockmarket traded PLC, that the Phantom console will be released by the end of the year in North America. But this now looks increasingly unlikely, as does any prospect of a release anywhere else. Could the Phantom really hope to rival the et al even if it did make it to shelves? We'll keep you posted on Infinium's ongoing efforts.

By Luke Guttridge

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