Topic: investor losses
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Aspiration Co-Founder Pleads Guilty in $248M Fraud Case
Joseph Sanberg, co-founder of Aspiration, has pleaded guilty to wire fraud charges for orchestrating a $248 million scheme by falsifying financial records and investor documents. He artificially inflated the company's revenue by fabricating letters of intent and a false audit committee report, se...
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Apple Nears Deal to Acquire AI Startup Prompt AI
Apple is finalizing its acquisition of Prompt AI, a computer vision startup, to integrate its team and technology into Apple's operations, particularly enhancing the HomeKit ecosystem. Prompt AI is discontinuing its Seemour app and deleting all user data due to an unsustainable business model, wi...
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