A high-flying Silicon Valley couple has been arrested after allegedly being caught swindling over $60million in investors cash for their luxury lifestyle.
Alexander Beckman, 41, the founder and former CEO of AI firm GameOn, and his attorney wife Valerie Lau Beckman, 38, are accused of carrying out a ‘brazen and wide-ranging’ six-year fraud.
The couple face dozens of federal charges including securities fraud, conspiracy and identity theft, allegedly using investor cash to buy luxury homes, cars, and private schools for Alexander’s children.
Beckman made his name in Silicon Valley after founding GameOn in 2014, creating AI chatbot services for customers including professional sports teams and fashion retailers.
He was seen at galas rubbing shoulders with elites including Twitter founder Jack Dorsey, all the while allegedly stealing millions from investors and hiding it with fraudulent documents.
According to an indictment filed this week in San Francisco U.S. District Court, the scheme came tumbling down after GameOn’s board of directors found a company bank account meant to have over $11 million only contained 37 cents.
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