AI Startups Under Investigation: A Forbes 30 Under 30 Fraud Case
Wednesday, 20 November 2024, 16:36
The FBI unsealed an indictment yesterday, alleging that Joanna Smith-Griffin, founder of the AI startup AllHere Education, engaged in securities fraud, wire fraud, and aggravated identity theft. The charges are related to defrauding investors out of nearly $10 million. The FBI claims she misrepresented her company's revenue, customer base, and cash to investors from at least November.
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