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San Francisco AI startup founder and wife indicted in $60 million fraud scheme

27 January 2025
in Technology
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San Francisco AI startup founder and wife indicted in  million fraud scheme
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Alexander Beckman, founder of the AI startup GameOn Technology, and his wife, Valerie Lau Beckman, were indicted on 25 charges, including conspiracy and wire fraud, for allegedly defrauding investors of $60 million over six years. The couple faces potential sentences exceeding 60 and 80 years, respectively, and must forfeit assets gained through the scheme. The indictment details a complex web of financial deception, including exaggerated revenue figures, forged documents, and personal use of investor funds for expenses like a $4.2 million home and a Tesla Model X.

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Tags: FounderFranciscofraudindictedMillionSanSchemeStartupWife
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