#SiliconValley #Shysters Indicted : Founder of #SanFrancisco based #AI chatbot company and his #Georgetown JD lawyer wife have been indicted on over 20 counts for investment #fraud schemes that prosecutors say raked in $60 Million via use of #forgery, identity theft, faked #financial statements etc
The wife, also the firm's #attorney, faces an additional 20 years in #prison for obstruction of #justice if convicted along with husband in schemes to foster their unlawful lavish lifestyles. At one point the legal #scam fraudulently showed #investors documents ensuring they had a $13m cash balance in the account and $69m in annual revenues when their real bank balance was $25.93
#Funders involved in feeding the greedy fake paper corporation included household name celebs like #SnoopDogg and #JoeMontana.
Prior to this week's #indictments, the #scheme first unraveled 6 months ago when an article appeared at #VentureBeat announcing abrupt departure of now indicted #CEO.
