May 15, 2026 — 4:17pm
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The former chief executive of a Sydney start-up that falsely claimed to have built a revolutionary artificial intelligence platform is facing a prison term for fabricating financial records to swindle investors out of $39 million.
David Fairfull, 59, appeared in the Federal Court in Sydney on Friday morning, where he pleaded guilty to two charges under the Corporations Act: making false and misleading statements to induce investors, and dishonestly using his position as a director.
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