• 11/26/2024

Bankrupt AI Startup Vesttoo Accuses Founders of Forgery, Impersonation

Wall Street Journal

The co-founders of Israeli artificial intelligence startup Vesttoo ran a forgery scheme that included a fake bank employee persona to obtain billions of dollars in bogus letters of credit for insurance deals, the now-bankrupt company said.

https://www.wsj.com/articles/bankrupt-ai-startup-vesttoo-accuses-founders-of-forgery-impersonation-2436d2bd