Planted envelope, pilfered identities, money that didn’t exist: Bay Area couple accused of $60 million AI startup fraud

The investment firm’s representative met the artificial intelligence startup’s CEO at a bank in San Francisco’s Chinatown last June, expecting to receive a statement directly from the bank showing how much the startup, chatbot company GameOn, had in its accounts.

The investment company had put $5.7 million into GameOn in 2021. The representative — a Game On board member — got the statement, showing a healthy $13.4 million balance.

But according to claims in a federal fraud indictment…