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Fake AI Firm Raises $40 Million, CEO Busted, Faces Criminal Charges for Defrauding Investors

Tags: technology
DATE POSTED:April 11, 2025
The US Department of Justice is pursuing criminal charges against Albert Saniger, the former CEO of nate, for allegedly defrauding investors out of $40 million. Nate was an artificial intelligence firm that claimed to have proprietary technology while employing real people to do the work.... Read More
Tags: technology