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Alex Beckman and Valerie Lau, founders of the San Francisco AI chatbot company GameOn, have been indicted by federal prosecutors for allegedly defrauding investors of over $60 million. The indictment, unsealed on January 27, 2025, claims that the couple engaged in a years-long fraud scheme to finance their luxurious lifestyle, including their wedding. They are accused of diverting funds intended for their company into personal accounts, leading to their arrest. The case highlights issues of accountability within the tech industry, particularly concerning startups in Silicon Valley.
San Francisco lauded Alex Beckman and Valerie Lau of "AI" company GameOn as proof that onerous city, county, and state regulations were actually good for start-ups. They've been indicted by the Justice department for numerous counts of fraud. https://t.co/sX4B9iVL9g https://t.co/rcdGx3ln2b
A San Francisco couple who ran an AI company was charged by federal prosecutors for allegedly perpetrating a years-long fraud scheme, according to an indictment unsealed Thursday. https://t.co/A6Kl8JQJ5B
💍 ¿Sí, quiero? 💒 Una pareja financia su boda de la forma más ilegal: desviaron fondos de los inversores interesados en IA a sus cuentas personales para adquirir todo tipo de bienes https://t.co/3Amdsh4nex
