Builder.ai faked business with Dailyhunt parent VerSe to inflate sales: Report
Bhawana Chaudhary, Published on Jun 1st, 2025
Builder.ai, the AI startup which recently filed for bankruptcy, faked business with Dailyhunt parent VerSe Innovation to falsely inflate sales, reported Bloomberg. From 2021-2024, the firms allegedly engaged in 'round-tripping', a practice where firms bill each other for similar amounts to create an illusion of legitimate revenue. The documents reveal $60 million in reciprocal payments.
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