Harald Klinke<p>Albert Saniger, ex-CEO of AI shopping app Nate, has been charged with defrauding investors. Despite claiming near-total automation, Nate allegedly used humans in the Philippines for nearly all transactions. The startup raised $50M—now mostly lost.<br><a href="https://det.social/tags/AI" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>AI</span></a> <a href="https://det.social/tags/Fraud" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Fraud</span></a> <a href="https://det.social/tags/StartupNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StartupNews</span></a> <a href="https://det.social/tags/VC" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>VC</span></a> <a href="https://det.social/tags/TechScandal" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TechScandal</span></a> <a href="https://det.social/tags/Ecommerce" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Ecommerce</span></a> <a href="https://det.social/tags/DOJ" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DOJ</span></a><br><a href="https://techcrunch.com/2025/04/10/fintech-founder-charged-with-fraud-after-ai-shopping-app-found-to-be-powered-by-humans-in-the-philippines/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">techcrunch.com/2025/04/10/fint</span><span class="invisible">ech-founder-charged-with-fraud-after-ai-shopping-app-found-to-be-powered-by-humans-in-the-philippines/</span></a></p>