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Tech CEO accused of running $420M AI business scam
Prosecutors say the company fabricated 90% of its $421 million 2023 revenue to mislead investors and lenders.
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Ex-CEO, ex-CFO of bankrupt AI company charged with fraud
NEW YORK, April 17 : The former chief executive and chief financial officer of iLearningEngines, which provided AI-driven business automation technology, were indicted on charges they defrauded investors and lenders by fabricating "virtually all" of the now-bankrupt company's customer relationships and revenue.
·Singapore
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Total News Sources9
Leaning Left0Leaning Right0Center9Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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