Silicon Valley investors duped out of $500M by grifters using fake projections, false bank statements and brazen lies

Source: New York Post

Investors have been fleeced out of more than $500 million by scammers who claim to be selling shares in Silicon Valley’s hottest companies. The AI gold rush has attracted plenty of grifters, who have used fake sales reports, doctored bank statements or inflated share prices to dupe investors chasing the next tech jackpot, according to federal prosecutors. The feds have brought fraud cases against pre-IPO investment platform Linqto, AI startup SKAEL and chatbot company GameOn.