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Feds Charge Once-Lauded AllHere AI Founder in $10M Scheme to Defraud Investors
Founder and former CEO Joanna Smith-Griffin was arrested and accused of using company money to fund her wedding.
The indictment by the U.S. Attorney’s Office for the Southern District of New York unsealed in Manhattan federal court accuses Smith-Griffin of defrauding investors and using company funds for a down payment on her North Carolina house and to pay for her 2021 wedding. Alberto Carvalho, during the official launch of the AI-powered chatbot, “Ed.” (Getty Images)Signs of turmoil emerged in June, when The 74 first reported that Smith-Griffin was out of a job as AllHere furloughed a majority of its staff due to its “current financial position.” A statement from the L.A. district said the company had been put up for sale. “Her alleged actions impacted the potential for improved learning environments across major school districts by selfishly prioritizing personal expenses,” FBI Assistant Director in Charge James Dennehy said in the release.
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