Builder.ai, DailyHunt parent VerSe faked revenue from sham deals as part of ‘round-tripping’: Report
Builder.ai, a London-based AI startup bound for bankruptcy, allegedly colluded with Indian social media startup VerSe Innovation to fabricate business deals and present artificially inflated sales figures to investors. The two companies regularly billed each other for nearly the same amounts even though neither of them actually provided the products and services in a practice […]
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