US Prosecutors Sought Builder.ai Data After Sales Overstated (1)

US prosecutors demanded that Builder.ai hand over financial statements and other documents, signaling that the artificial intelligence company was facing legal scrutiny in the weeks before it went bust.

Builder.ai’s General Counsel Adi Vinyarsh told employees to preserve documents after the US Attorney’s Office for the Southern District of New York requested information including accounting policies and a list of customers, according to an internal company email reviewed by Bloomberg and people familiar with the matter.

The request followed reports about the London-based company’s change of leadership and financial issues, according to the May 8 email from Vinyarsh and the ...