https://www.siliconvalley.com/2025/01/24/planted-envelope-pilfered-identities-money-that-didnt-exist-bay-area-couple-accused-of-60-million-ai-startup-fraud/

The investment firm’s representative met the artificial intelligence startup’s CEO at a bank in San Francisco’s Chinatown last June, expecting to receive a statement directly from the bank showing how much the startup, chatbot company GameOn, had in its accounts.

The investment company had put $5.7 million into GameOn in 2021. The representative — a Game On board member — got the statement, showing a healthy $13.4 million balance.