If convicted, they could face decades in prison and the forfeiture of assets obtained through the alleged scheme.

According to the US Attorney’s Office, the couple allegedlydefraudedinvestors out of $60 million over six years.

If convicted, Alexander faces more than 60 years in prison, while Valerie could get over 80 years.

San Francisco AI startup founder and wife indicted in $60 million fraud scheme

Beckman founded GameOn in 2014, which gained early recognition for its customer service chatbot technology.

The company had several high-profile clients, including the NBA, Riot Games, and Armani Exchange.

Investigators claim GameOn even paid some clients extravagant fees without receiving payments in return.

Meanwhile, GameOn employees sometimes went unpaid as the company struggled to meet payroll and other financial obligations.

The scheme reportedly began unraveling in 2023 as investors questioned the company’s financials.

She resigned from GameOn the following month.

ON Platform, the rebranded version of GameOn, declined to comment on the charges.

High-profile clients like the NFL, Valentino, and Live Nation also failed to respond to requests for comment.

The couple will also have to forfeit all assets obtained through the fraud.