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Tech founder charged with fraud for 'AI' that was secretly overseas contract workers
The US Department of Justice has indicted Albert Sangier for defrauding investors with misleading statements about his Nate startup.
The US Department of Justice has indicted Albert Sangier for defrauding investors with misleading statements about his Nate financial technology platform. However, the indictment states that the so-called AI-powered transactions in Nate were actually completed by human contractors in the Philippines and Romania or by bots. Many ambitious and ethically challenged entrepreneurs have attempted to make their fortunes by disguising human actions as a mechanical or technological innovation over the centuries.
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