【sex videos furry gay】

The sex videos furry gayformer CEO of fintech app Nate has been charged with fraud for making misleading claims about the app's artificial intelligence technology — or lack thereof.

In a bizarre twist from the usual AI narrative, the FBI alleges that this time human beings were doing the work of AI, and not the other way around.

According to a press release from the U.S. Attorney's Office, Southern District of New York, Albert Saniger has been indicted for a scheme to defraud investors. “As alleged, Albert Saniger misled investors by exploiting the promise and allure of AI technology to build a false narrative about innovation that never existed," Acting U.S. Attorney Matthew Podolsky said in the release.

---

You May Also Like

---

---

Government attorneys say Nate claimed to use AI technology to complete the e-commerce checkout process for customers. In reality, they allege the company hired a team of human contractors in the Philippines to do the work. In total, Saniger raised more than $40 million from investors.

"In truth, Nate relied heavily on teams of human workers — primarily located overseas — to manually process transactions in secret, mimicking what users believed was being done by automation," said FBI Assistant Director in Charge Christopher G. Raia. "Saniger used hundreds of contractors, or 'purchasing assistants,' in a call center located in the Philippines to manually complete purchases occurring over the Nate app."

Mashable Light Speed Want more out-of-this world tech, space and science stories? Sign up for Mashable's weekly Light Speed newsletter. By clicking Sign Me Up, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy. Thanks for signing up!

AI boom fuels sketchy startup practices

Nate isn't the only startup accused of masking human labor as "AI automation." Drive-thru company Presto, with clients like Carl's Jr., Hardee's, Del Taco, and Checkers, claimed to automate drive-thru orders with AI, but reportedly relied on outsourced workers (also in the Philippines) for 70 percent of its orders, as Bloombergreported in 2023. And legal startup EvenUp, which purportedly automated personal injury claims, "relied on humans to complete much of the work," according to a 2024 Business Insider report.

Credit: Erik Von Weber / Getty Images

The much-hyped AI industry promises to reduce labor costs and increase efficiency across industries. In turn, this has incentivized sketchy startup practices as opportunistic entrepreneurs market their apps based on future-facing potential.

The Information first reported that the Nate app might have "exaggerated tech capabilities to investors" back in 2022. At the time, e-commerce was experiencing a "pandemic-fueled shopping boom," the outlet reported, making fintech startups irresistibly appealing to venture capitalists. According to the new indictment, Saniger "concealed" the app's near zero percent automation rate from investors and even his own employees, restricting Nate's automation data as a "trade secret."

---

Related Stories

---

• All the tariff price increases in the tech world so far (updated)
• The Google Pixel 9a is available now: How to buy
• Used Teslas flood the market as drivers reject Elon Musk through Tesla

The "fake it till you make it" mentality is a well-established doctrine in the startup playbook, but clearly a risky one, at least, according to the FBI and the U.S. Attorney's Office.

Instead of raising money, Saniger is now facing one charge each of securities fraud and wire fraud; both charges carry maximum sentences of 20 years in prison.

Mashable attempted to contact Saniger, and we'll update this article if we get a response.

Topics Artificial Intelligence Government

• Science
• Tech
• Deals
• Entertainment
• Games
• Shopping
• Life
• Digital Culture

• PlayerUnknown's Battlegrounds Mini
• 'Quordle' today: See each 'Quordle' answer and hints for May 20
• Sylvia Plath's Sketches by Sadie Stein
• Steve Bannon indicted for defrauding donors to the 'We Build the Wall' GoFundMe campaign
• The Steam Machine: What Went Wrong
• Harvard and Class by Misha Glouberman
• Listen to Flannery O’Connor read “A Good Man Is Hard to Find.”
• The 15 best tweets of the week, including some calamari
• Trump praises storm response as historic disaster unfolds in Houston
• Wednesday: Me by Witold Gombrowicz

• Apps for finding black
• Tea Party group tweets support after Republican body
• Bromance for the ages: Trudeau and Macron stroll in an Italian garden
• Justin Trudeau and Emmanuel Macron should just get matching jackets already
• Curfews have a disturbing racist history
• Uber is only legal in London for 4 more months
• Ivanka Trump's blog tweets something dumber than her father on Memorial Day
• Apple's 'synthetic' group selfie patent could be perfect for social distancing
• Labeling Tesla’s Autopilot system as ‘semi
• Lawfare: A wonky blog has become required reading in Trump's America

• Touring Logitech's Audio HQ
• Thefts, Maps, and the Return of Oprah by The Paris Review
• You’re at a Justin Bieber Concert by Evan James
• Fitbit unveils its refreshed Versa 3 and Inspire 2 fitness trackers
• Ruggable x Jonathan Adler launch: See the new designs
• Tuesday: Me by Witold Gombrowicz
• Salinger Foods, Austen Portraits by The Paris Review
• Inventor breaks record for world's fastest electric ice cream van
• The White House might have inflated Trump's golf record, because this is how we live now
• 'Succession' Season 4, episode 9 dropped a major clue about the finale

• Best vacuum deal: Get the Dyson V8 Plus cordless vacuum for $120 off
• Scary Kids' Books, Annoying Writers by Sadie Stein
• Special Summer Subscription Offer! by The Paris Review
• 'Quordle' today: See each 'Quordle' answer and hints for May 19
• How to quit social media: This Gen Z
• Hulu deepfaked Damian Lillard into its own TV commercial
• 5 ChatGPT plugins that aren't worth your time
• 'Succession' Season 4, episode 9 dropped a major clue about the finale
• Best robot vacuum deal: Save over $100 on iRobot Roomba Q0120
• Salinger Foods, Austen Portraits by The Paris Review