The Age
·australia
·9 hours ago
Australian start-up boss who faked revenue gets nine years’ jail
David Fairfull, 59, founder of AI start-up Metigy, was sentenced to nine years in prison for defrauding investors of $39 million. Justice Wendy Abraham deemed his actions premeditated and sophisticated, particularly criticizing a $7.7 million withdrawal for personal gain. Metigy collapsed in July 2022, leaving 75 staff jobless and creditors owed significant amounts.
Summary by OZbrief · The Age
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