SMH
·australia
·9 hours ago
Australian start-up boss who faked revenue gets nine years’ jail
David Fairfull, 59, was sentenced to nine years in jail on Friday for defrauding investors of $39 million through his AI start-up Metigy. Justice Wendy Abraham noted the fraud was deliberate and premeditated, highlighting Fairfull's diversion of $7.7 million for personal purchases. Metigy collapsed in July 2022, leaving about 75 staff unemployed.
Summary by OZbrief · SMH
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