Soldjah - Phantom was a home console that supposedly played PC games downloaded over broadband. The only tangible thing they made was a gaming lap-keyboard, Phnatom itself was just an empty box. They went through masses of investment and switched directors constantly, before finally fizzling out.
That wasn't the one I was thinking of...
I was talking about this:
It appears it wasn't so much of a scam, but it's a grey area... all of the investement money was "lost" but there were never any legal suites filed against the guy who made the thing, since they were "satisfied" with his answers as to where the money went, and why the project didn't succeed. Sounds a bit fishy to me, and many others though.
~Sol