The founder of an AI startup in San Francisco was indicted this week for allegedly conspiring with his wife for six years to defraud investors out of $60 million.
According to a press release from the US Attorney's Office in the Northern District of California, Alexander Beckman—founder of GameOn Technology (now known as ON Platform)—and Valerie Lau Beckman—an attorney hired by GameOn who later became his wife—were charged with 25 counts, including conspiracy, wire fraud, securities fraud, identity theft, and other offenses. Lau also faces one charge of obstruction of justice after allegedly deleting evidence.
If convicted, the maximum penalties for Beckman, 41, could exceed 60 years and for Lau, 38, potentially 80 years.