San Francisco’s technical founder Alex Beckman and his wife, Valerie Lau, were arrested last week after prosecutors accused a couple of investors over $ 60 million or more.
Beckman and Lau have been accused of securities fraud, conspiracy of bank fraud, deterioration of theft of personal information, and obstruction of justice. Lau was a platform that was previously known as Gameon from 2016 to 2024 as a Beckman’s startup lawyer.
Beckman’s company has created artificial intelligence software for customers, such as retail brands and professional sports leagues.
According to complaints, the couple has fraudulent investors on the platform by falsifying bank records and spoofing business contacts.
In some examples, when the investor wanted to see a bank statement, Rau planted a fake statement indicating a $ 13 million account balance and placed it in the bank, so Beckman and investors arrived. Prosecutor said that he could see. The actual balance of the account was $ 25.93 after being told that Beckman had wiring $ 320,000 to his parent Relative.
The scheme was filed between September 2018 and July 2024. According to US lawyers’ office news release, the couple spent more than $ 4 million investment funds for private schools, wedding halls, and the payment of the San Francisco house.
It is said that BECKMAN also used at least seven names without permission to distribute illegal financial information.
“In the Bay Area, an incredible innovation and a hard -working entrepreneur, innovation cannot grow by fraud. Defendants threaten our financial markets and deceive investors. A scheme that seems to be, Patrick D. Robins stated in a statement. “This prosecution should be useful as a reminiscent of the scammers investigating and taking responsibility.”
Beckman and Rau representative did not respond immediately to the comment request.
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