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.