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Former Nate CEO indicted for false claims about use of proprietary AI

( April 9, 2025, 17:15 GMT | Official Statement) -- MLex summary: The US Attorney for the Southern District of New York has sued Albert Saniger, former CEO of e-commerce company Nate, Inc., on claims of securities and wire fraud. According to the indictment, Saniger misled investors by falsely claiming that Nate's proprietary AI was "able to transact online without human intervention.”Statement follows below. See attached file. ...

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