“Paul Roberts cooked the books. He lied to investors and auditors about his company’s revenue and about his company’s premier product: an AI-powered tool that, ironically, was supposed to detect fraud in the digital advertising industry.”
Kubient’s founder sold investors an AI tool to catch ad fraud. He faked over 94% of the company’s 2020 revenue to get through the IPO. He gets a year and a day in prison.