US Subpoenas Builder.ai’s Ex-CFO for Auditor Communications
The US government has subpoenaed the former Chief Financial Officer (CFO) of Builder.ai, a bankrupt AI startup, as part of a criminal investigation. The subpoena requests the ex-CFO's communications with Builder.ai's UK auditor and other individuals involved in the company's financial reporting prior to its bankruptcy filing in June. The investigation appears to be focused on the financial practices and reporting of Builder.ai, which filed for bankruptcy after raising over $29 million in funding. The subpoena suggests that US authorities are closely examining the startup's financial operations and the role of its former executives in the lead-up to the bankruptcy. The outcome of this probe could have significant implications for the individuals and the company involved.
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