The AI startup with no AI: Aussie boss jailed for misleading investors
The founder of failed artificial intelligence start-up Metigy has been jailed for nine years for a sustained fraud that deceived investors out of $39 million and ended with him diverting $7.7 million of their money to buy two luxury homes.David Fairfull, 59, was sentenced in the Federal Court on Friday after pleading guilty to making false and misleading statements to induce investors, and to dishonestly using his position as a director. Justice Wendy Abraham set a non-parole period of five year...
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