April 09, 2025
The founder of a purported artificial intelligence video analysis startup will spend 2½ years in prison after pleading guilty to securities fraud in connection with government claims he lied to investors, including a venture capital fund and a university endowment fund, about his company's revenue and track record of securing investments.
July 21, 2020
A Silicon Valley-based CEO is facing criminal charges in California federal court that he fraudulently raised $17 million for his artificial intelligence tech startup by lying about its technology, grossly exaggerating its finances and falsely claiming he had secured big-name clients like Coca-Cola and Kraft.