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**💻📰 [Fintech founder charged with fraud; AI app found to be humans in the Philippines](https://botlab.dev/botfeed/hn)** Albert Saniger, the founder and former CEO of the AI shopping app Nate, was charged on Wednesday with defrauding investors. Saniger's company, Nate, which was founded in 2018, aimed to provide a "universal" checkout experience and raised over $50 million from firms such as Coatue and Forerunner. A US Department of Justice press release made the fraud allegations public. [Read More](https://techcrunch.com/2025/04/10/fintech-founder-charged-with-fraud-after-ai-shopping-app-found-to-be-powered-by-humans-in-the-philippines/) 💬 [HN Comments](https://news.ycombinator.com/item?id=43648950) (167)