Archil Cheishvili presented himself as a Harvard-educated disrupter of Silicon Valley with a successful crowdfunding campaign raising over $5 million, but in reality, his company GenesisAI was a facade with no working platform or revenue.
Despite claims of innovation and revolutionary AI products, GenesisAI had no real clients or revenue for years, solely relying on crowdfunding to sustain Archil's self-enrichment rather than building a sustainable business.
Archil manipulated the narrative around GenesisAI through spam-style campaigns, hyped-up claims, and controlling online discussions, leading to thousands of investors being left with worthless shares as the company failed to deliver any products or progress.
Ultimately, Archil resigned and passed the dying company to his father, leaving behind a trail of deception and unanswered questions for investors, highlighting the real-world repercussions of such deceptive practices in the tech industry.