The FBI unsealed an indictment yesterday that alleges Joanna Smith-Griffin, founder of the AI startup AllHere Education, engaged in “securities fraud, wire fraud, and aggravated identity theft in connection with defrauding investors” out of nearly $10 million. The FBI claims she misrepresented her company’s revenue, customer base, and cash to investors from at least November 2020 until June 2024.

DOJ: https://www.justice.gov/usao-sdny/pr/ceo-artificial-intelligence-startup-company-charged-defrauding-investors