The founder and wife of San Francisco’s technology were accused of deceiving investors
The founder of San Francisco Institute of Technology Alex Beckman and his wife Valerie Lau were arrested last week. investor.
Beckman and LAU were accused of having securities fraud, conspiring bank fraud, aggravating identity theft and obstructing judicial crimes, and appealed in the U.S. District Court of San Francisco last week. Lao (LAU) was a lawyer of Beckman startup from 2016 to 2024, formerly known as Gameon.
Beckman has manufactured artificial intelligence software for customers, including retail brands and professional sports alliances.
It is said that the couple allegedly deceived investors by falsifying bank records and impersonating business contact information.
Prosecutors said that in an example, when investors wanted to check the bank statement, Lau said that Lau published a forged statement, showing the balance of $ 13 million and put it to the bank in order to be Beckman and the investment. When they arrive, they will see the balance. It is said that after Beckman associated $ 320,000 with relatives, the real balance of the account was $ 25.93.
The so -called plan occurs between September 2018 and July 2024. According to a press release of the U.S. Prosecutor’s Office, it is said that the couple spent more than $ 4 million in investor funds, including paying private schools , Wedding venue and San Francisco’s house.
Prosecutors said that Beckman was said to use the names of at least seven people without permission to distribute fraud financial information.
“The Bay Area is an incredible innovation and a diligent entrepreneur’s home, but innovation cannot grow through fraud. Just like the defendant was accused of threatening our financial market and cheating investors,” the first assistant us atTy Essence Patrick D. Robbins said in a statement. “This indictment should remind us that we will investigate and make the fraudulent person responsible.”
The representatives of Becman and Liu did not immediately respond to the comments request.
