BusinessStartups

Former Builder.ai Finance Chief Subpoenaed in US Fraud Investigation

The former CFO of Builder.ai has been subpoenaed by US prosecutors investigating the startup’s collapse. Authorities are examining allegations of inflated revenues and questionable accounting practices at the once-valued $1 billion company.

Builder.ai’s Former CFO Subpoenaed in Federal Investigation

Former Builder.ai chief financial officer Andres Elizondo has been subpoenaed by US prosecutors as authorities investigate the circumstances surrounding the collapse of the Microsoft-backed startup, according to reports from the Financial Times. The subpoena reportedly requests Elizondo appear before a grand jury in a Manhattan court for questioning in September.