Beckman and Lau are accused of executing a fraudulent scheme to deceive investors in GameOn by inflating financial claims and misappropriating funds. They allegedly fabricated documents, forged bank statements, and exaggerated revenue, deceitfully claiming that GameOn's quarterly sales reached $72 million when actual revenues never exceeded $1 million. Their actions reportedly diverted investor money for personal use, including luxury purchases and real estate. The fraudulent activity lasted about five years before significant discrepancies began to surface, prompting investigations into their operations.
Beckman and Lau allegedly went to great lengths to hide the scheme while diverting investor funds to their personal accounts.
Beginning in 2023, Beckman increasingly started facing questions about specific customers and specific revenue from those customers.
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