Man Arrested for Raising  Million for AI Startup, Instead Spending It on Luxurious Lifestyle

Man Arrested for Raising $60 Million for AI Startup, Instead Spending It on Luxurious Lifestyle

The founder of a San Francisco-based AI startup called On Platform was arrested last week after prosecutors charged that he and his wife had blown millions of dollars worth of investor funds on real estate, jewelry, a Tesla, and even the social club that hosted their wedding.

Prosecutors allege that the pair defrauded investors out of more than $60 million, as SFGate reports.

Founder Alex Beckman and his lawyer Valerie Lau, who he recently married, appeared in San Francisco court last week…

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