"The law does not turn a blind eye to those who allegedly distort financial realities for personal gain," US Attorney Damian Williams said in a statement about charges against Joanna Smith-Griffin.Mamadi Doumbouya/The Forbes Collection via Contour RA by Getty ImagesProsecutors say Joanna Smith-Griffin inflated revenues of her startup, AllHere Education.Smith-Griffin is accused of lying about contracts with schools to get $10 million in investment.AllHere, which spun out Harvard's Innovation Lab, was supposed help reduce absenteeism.Federal prosecutors have charged the founder of an education technology startup spun out of Harvard who was recognized on a Forbes 30 Under 30 list in 2021 with fraud.Joanna Smith-Griffin was said by federal prosecutors in New York to have lied for years about her startup AllHere Education's revenues and contracts with school districts.
An Ai Startup Ceo On A Forbes '30 Under 30' List Has Been Charged With Defrauding Investors Out Of $10 Million
jnewsham@insider.com (Jack Newsham), Business Insider
Tue, 11/19/2024 - 12:23pm
Topics: mamadi doumbouya/the forbes collection contour ra getty imagesprosecutors joanna harvard's innovation lab harvard innovation lab los angeles unified school district sam bankman-fried charlie javice martin shkreli inc magazine allhere york city department atlanta public schools rethink capital partners spero ventures november north carolina business insider us attorney damian williams smith-griffin forbes the forbes education harvard york harvard ai inc startup charged investors million company year false law years turn blind contracts personal realities revenues supposed financial allegedly reduce spotlighted spun eye bankruptcy hand distort
BING NEWS:
- Raleigh woman accused of bilking investors of millions spent money on house, wedding: DOJ
Griffin, the 33-year-old founder of AllHere Education, was charged Tuesday with securities fraud, wire fraud and aggravated identity theft.
11/19/2024 - 8:50 am | View Link - An AI startup CEO on a Forbes '30 Under 30' list has been charged with defrauding investors out of $10 million
Joanna Smith-Griffin is latest Forbes '30 Under 30' alumni, including Sam Bankman-Fried, Charlie Javice, and Martin Shkreli, facing criminal charges.
11/19/2024 - 6:23 am | View Link - More
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