<ul><li>AI startup Builder.ai allegedly faked transactions with VerSe Innovation to boost reported sales using a scheme known as 'round-tripping'.</li><li>VerSe Innovation cofounder dismissed allegations of recording false expenses and billing for unprovided services as baseless.</li><li>Deloitte flagged internal control issues in VerSe's financial operations, including gaps in supplier selection and expense tracking.</li><li>Builder.ai filed for bankruptcy after overstating sales projections, facing scrutiny, and job cuts at both companies.</li></ul>

Builder.ai-Dailyhunt fake sales: All you need to know about the “round-tripping” scandal

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