The Securities and Exchange Commission is suing an artificial intelligence and robotics company and its founder for allegedly making material misrepresentations to investors regarding the company’s operations and products.
Destiny Robotics Corp. and its founder and CEO, Megi Kavtaradze, allegedly made false claims from July 2021 to April 2023 through web solicitations, social media, and mass marketing emails about the capabilities of the company’s humanoid robot and hologram assistant products, as well as their expected release dates, according to the complaint filed Tuesday in the US District Court for the Southern District of Florida. The SEC claims the defendants raised ...
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