NEW YORK — The founder of an artificial intelligence company that supplied school districts in Los Angeles, New York and Atlanta with a chatbot to create learning plans for students was arrested on fraud charges Tuesday, accused of spending investor money on herself as her company spiraled into bankruptcy.
An indictment unsealed Tuesday in Manhattan federal court accused Smith-Griffin of making misrepresentations to investors that enabled her to collect millions of dollars illegally from them since 2020. It was not immediately clear who would represent her in an afternoon court appearance in North Carolina.
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