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AI chatbot startup founder, lawyer wife accused of ripping off investors in $60M fraud

ID: 3ae6adf3-5557-551a-92f5-8568ae4c95e0

STIX ID: report--3ae6adf3-5557-551a-92f5-8568ae4c95e0

Feed Name: The Register (Security)

Date Published: 2025-01-24

Date Updated: 2026-04-26

Author: Brandon Vigliarolo

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Federal prosecutors charged GameOn/ON Platform co-founder Alexander Beckman and his wife, Valerie Lau Beckman, with a 25-count indictment alleging a multi-year scheme to fabricate revenue, falsify bank balances and audits, and impersonate multiple individuals to raise over $60 million, allegedly diverting millions for personal use; following Beckman’s 2024 departure, an internal letter reportedly found just cents in an account believed to hold millions, prompting ON to pause operations and lay off most staff.

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