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Securities and Exchange Commission v. Weiss et al
Case Number:
1:24-cv-06988
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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March 20, 2025
Ex-Kubient CEO Gets 1 Year For Lying About AI Fraud Tool
A New York federal judge on Thursday sentenced software company Kubient Inc.'s former CEO to a year and a day in prison for putting $1.3 million in phony revenue on the digital advertising technology company's books and lying about an artificial intelligence-powered tool meant to spot digital ad fraud.
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September 16, 2024
CEO's AI Fraud Detection Tool Contract Was Fraud, Feds Say
A former technology company CEO has pled guilty to a charge that he cooked his company's books and raised tens of millions of dollars from investors off phony claims that an artificial intelligence program his firm developed was being used to spot digital ad fraud, the Manhattan U.S. Attorney's Office said Monday.