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FBI The indictment was unveiled yesterday Joanna Smith Griffin, founder of artificial intelligence startup AllHere Education, was allegedly involved in “securities fraud, wire fraud, and aggravated identity theft in connection with defrauding investors” of nearly $10 million. The FBI alleges that she misrepresented her company’s revenue, customer base and investors’ cash from at least November 2020 through June 2024.
The company is in Chapter 7 bankruptcy, according to the U.S. Attorney’s Office. Smith-Griffin faces prison time if convicted, including a maximum sentence of 20 years for securities fraud, a maximum sentence of 20 years for wire fraud, and a mandatory two-year sentence for aggravated identity thief. Smith-Griffin could not be reached for comment.
The Forbes 30 Under 30 list has become something of a meme in the past few years as a few of the honorees have found themselves accused of fraud. the Forbes fraud pipeline They include FTX founder Sam Bankman-Fried and Caroline Ellison, co-CEO of Alameda Research; fintech founder Frank Charlie Javis, and “Pharma bro” Martin Shkreli.
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