- Timothy Roberts
Timothy Munro Roberts, (identical twin Peter Munro Roberts) was born in St. Louis in 1970, is a member of a prominent family from St. Louis since the early 1800s. His great-grandfather, Munro Roberts Sr. was a nationally known labor lawyer. In his early life, Roberts Sr. was a labor union organizer. Timothys father William Munro Roberts III (Monty) was a the Brand Manager and Executive in charge of Busch beer and also worked later for Y&R as VP, Marketing Director running the
Timothy's mother, Lora Roberts is a successful entrepreneur; starting and owning companies including a business brokerage company, franchise auto brake stores, chemical distribution company and she is presently owner of MedHire a neuroscience recruitment company. She has been written about and acclaimed for her accomplishments by several women business magazines.
Timothy has been a notable presence in the online idustry since the age of 12, with his first "Apple" and Commodore computers. He ran BBS's and was known in the "Where Wizards Stay up Late" world. Precursor to the Internet he was paving the way through BBS communities built by the Elite 100 some of who later founded
UUNET, Digexand others went on to run the governments security systems.
Timothy Roberts, has been working on the Phantom Gaming Service since October of 2002. He is PGS’s CEO, and is responsible for launching a variety of successful high technology companies as a founder. Two of his most successful startups as a founder are broadband services provider Savvis Communications (NASDAQ: SVVS) which currently hauls over 1/3rd of all internet transports and net-sourcing service provider Intira Corporation, which successfully raised more than $250 million in equity capital before its sale to Divine Interventures (NASDAQ: DVIN) which they later sold to Data Return (now Terremark) which powers companies such as match.com, Lego, YouTube, Akamai, BMW and Verisign . As a seed investor, Tim helped launch Phoenix Networks, a nationwide DSL provider that was sold to MegaPath Networks and Earthlink and was one of the nation’s largest DSL providers for both residential and business services.
In late 2005, Timothy Roberts hired
T. Boone Pickensson Michael Pickens at Phantom Entertainment to raise capital and perform IR work. Michael Pickens took advantage of the situation and without telling Roberts ran a bogus pump and dump scheme for his own benifit. Though Roberts and Phantom Entertainment didnt sell any of their own stock during this period in question and didnt finacially benifit in anyway. Later it was found that Michael had orgastrated the pump and dump for his own financial benefit. Michael Pickens was criminally charged and ended up receiving probation. The announcement of this put Phantom in a horrible position since your quilty until proven innocent with the media and Roberts decided to resign from Phantom in hopes that a new CEO would help to elivate the investigation concerns. This event led to the following 3 year investigation which is now settled:
May 16, 2006, the Securities and Exchange Commissionaccused Phantom Entertainment founder and former CEO Timothy Robertsof running a " pump and dump" scheme in promoting The Phantom console in 2004. [cite news|first=Chris|last=Morris|url=http://money.cnn.com/2006/05/16/technology/infinium/index.htm |title='Phantom' video game CEO charged with pump and dump scheme|publisher=CNN/Money|date= 2006-05-16|accessdate=2006-05-17] On July 23, 2008, Phantom Entertaimentannounced that John Landino is to become the new CEO of the company. [http://pinksheets.com/edgar/GetFilingHtml?FilingID=6066373]
When this investigation was announced the shares of PHEI had been on the REG SHO threshold limit for FAIL TO DELIVERS on COVERS from SHORT SALES for over 140 days. Roberts company was the victim of being NAKED SHORTED with hypothicated stock felt to come from hedge funds owned by the BAWAG family from Austria whom were involved in the REFCO scandal. The Refco scandal proved that Naked Shorting was real and that this hedge fund was stealing market caps of public companies through naked shorting.
Roberts settled with the
SECin civil court and received a 5 year penny stock bar and a small fine. He was accused of being negligent for not having a contract which spelled out that Michael was to abide to the laws.
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