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SEC Charges Former Video Game CEO in Junk Fax Scam
"Washington, D.C., May 16, 2006 — The Securities and Exchange Commission today charged the former Chief Executive Officer of Seattle-based video game developer Infinium Labs, Inc., for his role in a fraudulent “junk fax” scheme to promote the company’s stock. The Commission alleges that Timothy M. Roberts, 36, of Longboat Key, Fla., authorized the fax promotion and reaped more than $400,000 by unloading his Infinium Labs shares in the ensuing run-up in trading volume."
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