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Fulshear man among two charged in federal fraud case alleging AI company fabricated $380M in revenue
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Fulshear man among two charged in federal fraud case alleging AI company fabricated $380M in revenue
NEW YORK (Covering Katy News) — A Fulshear resident who served as chief financial officer of a Maryland-based artificial intelligence company has been indicted on federal fraud charges alleging he and the company's founder fabricated the vast majority of the firm's customers and revenues — inflating reported income by hundreds of millions of dollars — before the company collapsed into bankruptcy.
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Bias Distribution
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