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The co-founder and former CEO of AI startup GameOn, along with his wife, are facing allegations of a $60 million fraud scheme. The scheme involved fabricating revenue and inflating bank account balances to deceive investors, potentially employing false identities to legitimize fabricated statements.

ImgSrc: www.techmeme.com

References:

• @patrickcmiller - AI startup founder, wife indicted over $60M fraud claims - 5d
• @jos1264 - AI chatbot startup founder, lawyer wife accused of ripping off investors in $60M fraud - 5d
• @Techmeme - AI startup founder, wife indicted over $60M fraud claims - 5d
• go.theregister.com - GameOn's co-founder and ex-CEO, along with his wife, are accused of defrauding investors out of more than $60 million. - 5d
• @joseph.fuzzy99 - The co-founder and former CEO of AI startup GameOn, along with his spouse, are under indictment for allegations of a $60M fraud. - 5d
• www.theregister.com - The co-founder and former CEO of AI startup GameOn, along with his wife, are in legal trouble for allegedly defrauding investors out of over $60 million. - 5d
• @theregister - The co-founder and former CEO of GameOn is facing allegations of fraud, having potentially misled investors into giving the company over $60 million. - 5d
• @jbz - GameOn's co-founder and former CEO is now facing legal action with his wife, for allegedly defrauding his company's investors. - 5d
• www.techmeme.com - Report on the indictment of the former CEO of GameOn and his wife for defrauding investors. - 4d
• ciso2ciso.com - News about the indictment of an AI chatbot startup founder and his wife for alleged fraud. - 4d
• @theregister - Report on the indictment of the former CEO and wife for fraud in the context of the AI startup GameOn. - 4d
• arstechnica.com - “The founder of an AI startup in San Francisco was indicted this week for allegedly conspiring with his wife for six years to defraud investors out of $60 million.â€� - 3d
• The Register - Software: AI + ML - The co-founder and former CEO of AI startup GameOn is in a pickle. - 3d
• @assaf - “The founder of an AI startup in San Francisco was indicted this week for allegedly conspiring with his wife for six years to defraud investors out of $60 million.â€� - 3d

Classification:

• HashTags: Fraud Cybercrime GameOn
• Company: GameOn
• Target: GameOn Investors
• Attacker:
• Product: GameOn AI Platform
• Feature: Financial Fraud
• Type: Legal
• Severity: Major