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www.justice.gov www.justice.gov
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misled investors by exploiting the promise and allure of AI technology to build a false narrative about innovation that never existed. This type of deception not only victimizes innocent investors
The crime was misleading investors, not anyone else, which is very telling. The hype around "AI" - and actually hiring remote workers to do the job - and misleading customers/users doesn't matter.
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In truth, nate relied heavily on teams of human workers—primarily located overseas—to manually process transactions in secret, mimicking what users believed was being done by automation
Yet another example of "AI" being neither artificial nor intelligent.
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