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Artificial Intelligence - Saniger - DOJ - Litigation over claims Saniger committed securities and wire fraud (US)

Following an investigation by the New York Field Office of the Federal Bureau of Investigation, 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. "Albert Saniger allegedly defrauded investors with fabrications of his company's purported artificial intelligence capabilities while covertly employing personnel to satisfy the illusion of technological automation," FBI Assistant Director in Charge Christopher G. Raia said. 

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