ai fraud Former Nate CEO Indicted for Faking AI to Attract Investors The Justice Department charges Albert Saniger with fraud after he allegedly deceives investors by claiming his shopping app uses artificial intelligence when human workers actually handle the transactions.
ai fraud Fintech Founder Faces Fraud Charges Over Fake AI Shopping App The founder of Nate raises over $50 million by claiming his shopping app uses AI, but federal prosecutors say the technology relies entirely on human workers in the Philippines.