Category: Legal

BusinessLegal

Former Builder.ai Finance Chief Faces US Grand Jury Subpoena Amid Financial Investigation

The former finance chief of AI startup Builder.ai has been subpoenaed to appear before a Manhattan grand jury. The company, once valued at over $1 billion, collapsed after internal reviews revealed potentially fraudulent sales and dramatically revised revenue figures.

Builder.ai’s Former Finance Chief Subpoenaed in US Investigation

Andres Elizondo, the former finance chief of collapsed artificial intelligence startup Builder.ai, has been subpoenaed to appear before a federal grand jury in Manhattan, according to reports from the Financial Times. Sources indicate the subpoena was issued last month as part of an investigation into the company’s financial practices.

by Gabriel Novak
EnergyLegal

Polish Court Denies German Extradition Request in Nord Stream Pipeline Sabotage Case

A Polish court has rejected Germany’s extradition request for a Ukrainian national suspected of involvement in the Nord Stream pipeline sabotage. The ruling highlights growing tensions between European allies over how to handle the aftermath of the 2022 explosions that damaged critical energy infrastructure.

Court Rejects Extradition Citing Insufficient Evidence

A Polish court has blocked Germany‘s request to extradite a Ukrainian suspect in the Nord Stream pipeline sabotage case, according to reports from Warsaw. The judge ruled Friday that German authorities had provided insufficient evidence to justify the extradition of the suspect, identified as Volodymyr Z, who was detained in Poland last month under a European arrest warrant.

by Aaron Blake
CybersecurityLegal

MIT-Educated Brothers Face Trial Over Alleged $25M Cryptocurrency Heist Executed in 12 Seconds

Federal prosecutors allege two brothers with MIT backgrounds orchestrated a complex $25 million cryptocurrency theft that took just 12 seconds to execute. The trial features an unusually educated jury as both sides prepare their opening statements in what could be a landmark case for crypto regulation.

In a case that highlights the intersection of advanced education and digital crime, two MIT-educated brothers face federal charges for allegedly orchestrating a sophisticated $25 million cryptocurrency heist that prosecutors say was executed in just 12 seconds. The trial of Anton and James Peraire-Bueno represents one of the most technically complex cryptocurrency cases to reach federal court, pitting their defense that they merely outsmarted automated trading systems against prosecution claims of deliberate fraud and conspiracy.

The Unprecedented Allegations

by Aaron Blake