#investment-fraud

#investment-fraud

OpenAI isn't a publicly-traded company - yet, at least - and as such, the company's express written consent is necessary for the sale or transfer of its equity. But that massive caveat has not, apparently, stopped sleazy operators from trying to rip would-be investors off with shady promises of buying into the red-hot artificial intelligence giant. In a new blog post, OpenAI warned that there are bad actors out there attempting to make "unauthorized opportunities to gain access" to the company.

According to the Central District of California U.S. Attorney's Office, a California man was indicted on 13 counts of wire fraud for scamming dating app users out of $2 million.

Christopher Earl Lloyd, 39, was charged with 13 counts of wire fraud for allegedly using dating apps to scam over $2 million from victims by lying about his financial success.

Billy McFarland auctioned the branding rights of Fyre Festival on eBay for $245,300, receiving 175 bids, highlighting the event's lasting notoriety and his future endeavors.

Shaukat Shamim, the founder of YouPlus, was sentenced to 2.5 years for defrauding investors, raising $17 million by falsely claiming advanced AI capabilities.