I thought a lot of public, high profile, AI adjacent sales were seller financed or financed by the seller investing in the purchaser. Is that the same thing?
Its both a fraud on the third party, whom I have provided incomplete information. But also on you, who have become an unwitting accomlish in my scam, at least from the point of view of the third party.
That must be one of the least helpful new sentences I've read in a while. I thought it just meant they were seller financing all their customers by loaning them the money and they had gotten zero real revenue.
> an associate of Chidambaran, who previously worked as an iLearning vice president, incorporated and opened bank accounts in the names of several purported iLearning customers. Over the course of several years, the defendants transmitted millions of dollars from iLearning to an account controlled by this individual. This individual then sent those funds to other accounts he controlled in the names of other entities, before ultimately sending the money back to iLearning. The aggregate value of these round-trip transactions exceeded $144 million.