An AI startup founder is in hot water after the FBI accused him of running a massive fraud scheme. According to authorities, GameOn founder Alex Beckman allegedly faked six years of financial records to trick investors into pouring millions into his company. His alleged accomplice, Rikesh Lau, reportedly helped manipulate documents, including some stolen from a venture capital firm where she worked.

The duo allegedly went all out to keep the scam under wraps. They forged audits, bank statements, and even used real people’s names—complete with fake emails and signatures—to create phony financial reports. In one jaw-dropping instance, they reportedly faked a bank account balance of over $13 million when it actually held just $25. Meanwhile, GameOn’s real revenue never topped $1 million in any year, despite Beckman claiming sales hit $72 million in a single quarter.

While employees sometimes went unpaid, Beckman and Lau allegedly funneled investor cash into their own pockets. They reportedly splurged on luxury San Francisco real estate and even funded their 2023 wedding with the stolen funds. If convicted, they could lose a $4.2 million home, a Tesla Model X, and other assets bought with the allegedly ill-gotten gains.

The scheme began to unravel in 2023 when investors started questioning suspicious revenue claims. By February 2024, Beckman reportedly admitted to a consultant that an audit report was inaccurate but allegedly tried to pin the blame on others. Now, the pair faces serious legal consequences for their alleged multi-million-dollar deception.