San Francisco Tech founder Alex Begman and his wife, Valerie Lao, were arrested last week, accusing the pair of investors for defrauding more than 60 million.
Begman and Lao are accused of bond fraud, conspiracy for bank fraud, bad identity theft and disruption of justice, a Complaint San Francisco was filed in the US district court last week. As the lawyer of Lao Begman's start, on the stage, formerly known as Camen, at least from 2016 to 2024.
Begman's company develops artificial intelligence software for customers, including retail brands and professional sports league.
According to the complaint, the pair is said to have defrauded the investors of bank records and impersonated business contacts.
On one occasion, when an investor wanted to look at a bank report, the prosecutors said that Lau had planted a fake report showing a $ 13 million account arrears and put it in the bank, so that they would see that Pegman and the investor arrived. The actual existence of the account after Bekman is said to have made $ 320,000 for a relative. Is 25.93.
The alleged project took place from September 2018 to July 2024; Million has spent more than 4 million investor funds for private schools, including private schools, their wedding location and paying for homes in San Francisco. US Advocate Office Publication.
It is said that Begman used the names of at least seven people to distribute fraudulent financial information, lawyers said.
“Bay area is incredibly discovery and hard worker entrepreneur, but cannot grow by innovation. Programs such as being accused of intimidating our financial markets and deceiving investors,” the first assistant Atti Patrick D. Robins said in a statement. We must act as a reminder that we will investigate and take responsibility. “
Representatives of Begman and La did not immediately respond to the request for comment.