<ul><li>Tech founder, Albert Sangier, has been charged with fraud for misleading investors about his AI-powered financial technology platform, Nate.</li><li>The indictment reveals that the AI-powered transactions in Nate were actually performed by human contractors in the Philippines and Romania, as well as by bots.</li><li>Sangier raised over $40 million from investors for the app, which claimed to offer a universal checkout app powered by AI.</li><li>The case follows previous reporting that highlighted Nate's reliance on human labor rather than AI, with manually handled transactions ranging from 60% to 100%.</li></ul>

Tech founder charged with fraud for 'AI' that was secretly overseas contract workers

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