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1. https://www.justice.gov/usao-sdny/pr/tech-ceo-charged-artificial-intelligence-investment-fraud-scheme - (Trust Score 8/10)
- The U.S. Attorney's Office for the Southern District of New York announced charges against Albert Saniger for allegedly misleading investors about his company's use of AI technology.
2. https://www.digitalcommerce360.com/2025/04/11/nate-ecommerce-ceo-charged-fraud-fake-ai-claims/ - (Trust Score 7/10)
- Federal prosecutors charged Albert Saniger with securities fraud and wire fraud for falsely claiming his company's app was powered by proprietary AI.
3. https://www.gmanetwork.com/news/money/companies/942861/us-tech-ceo-charged-for-claiming-ai-but-using-ph-manpower-instead/story/ - (Trust Score 6/10)
- The federal prosecutors alleged that Saniger misled investors by exploiting the promise of AI technology to build a false narrative about innovation, raising over $40 million from venture capital firms based on false statements.