The plaintiffs say they invested nearly $1.2 million in the company, and are accusing Gomez of failing to build and market the startup.

Investors are still waiting for their share of the $250 million windfall, and VideoVerse co-founder Vinayak Shrivastav is now at the center of multiple legal cases.

New research from the U.K.’s Imperial College and France’s Emlyon Business School mapped out how Silicon Valley founders commit fraud — and the role investors play.

It was bound to happen eventually, as certain as the alternating day and night. Every new technology has historically unlocked new vectors for fraud, and AI is proving to be particularly fertile for the nefarious-minded, yielding thousands of dollars every month via outright fraud. AI-led fraud schemes are as diverse as lucrative, allowing tricksters to earn thousands of dollars every month A Chinese AI user is apparently earning as much as 100,000 Yuan (~$15,000) every month via AI music creation tools. His modus operandus is quite simple: upload a picture that sets the theme for the track, choose a music […]

Read full article at https://wccftech.com/ai-voice-cloning-scams-are-now-draining-as-much-as-635000-from-their-victims-after-just-a-5-second-audio-sample-from-a-loved-one/

Elaborate scams can and do mimic official channels. Even so, no one should be able to send you notifications via the Verizon app. And yet, this is exactly what appears to be happening, at least as per anecdotal evidence gleaned from a troubling recent incident. Scammers are now apparently sending Verizon customers notifications from the official app, adding a convincing sheen of authenticity to their elaborate fraud schemes A Redditor has just detailed their harrowing experience as the supposed mark in an elaborate Verizon-linked scam. The story begins on a recent Friday, when our Redditor, who goes by the username […]

Read full article at https://wccftech.com/a-verizon-customer-tricked-into-receiving-a-1500-ipad-pro-13-as-scammers-hijack-the-official-apps-notifications/

Steve Ballmer wrote a fiery letter in the sentencing of disgraced founder Joseph Sanberg documenting all the harm that's befalling him as an investor.

You should always enter into peer-to-peer transactions with circumspection and a fair degree of cautious wariness. That's the painful lesson a guileless Australian is now learning after being scammed out of his Apple iPhone by a crafty trickster. A quick-to-trust Australian becomes a victim of obviously fake banknotes, loses his Apple iPhone to a scammer Imagine you put up your old iPhone for sale on an online marketplace. After a while, you get a ping along with a fairly good offer. Everything checks out, and you ask the buyer to come by your home to collect the iPhone after paying […]

Read full article at https://wccftech.com/a-seller-loses-iphone-to-a-scammer-who-paid-with-fake-notes-props-stamped-in-plain-sight/

Google blocked 8.3 billion ads in 2025 but suspended fewer advertisers.