Australian start-up boss who faked revenue gets nine years’ jail
David Fairfull, 59, founder of AI start-up Metigy, was sentenced to nine years in prison for defrauding investors of $39 million. Justice Wendy Abraham deemed his actions premeditated and sophisticated, particularly criticizing a $7.7 million withdrawal for personal gain. Metigy collapsed in July 2022, leaving 75 staff jobless and creditors owed significant amounts.
Summary by OZbrief Editorial · The Age · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 19 Jun 2026, 02:51 UTC · Updated 19 Jun 2026, 03:00 UTC
Summary by OZbrief Editorial. Original report: The Age. Editorial policy · Corrections
Related stories
- Ten years on, has the Brexit vote helped or hindered the EU?
- New Orleans pastor sentenced to 80 years for sexually molesting two boys
- Europe's AI complacency risks economic collapse by 2031, warns think tank
- What lessons will Iran’s new leadership draw from the 110-day war?
- Comedian Dave Hughes blasts Prime Minister Albanese over broken tax promises
- Hollywood anticipates $4 billion winter box office boost from major releases
Trending
- Royal Ascot 2026: horse racing updates from day five – live
- ‘Horrific’: Train delays after man dies in fuel tanker rollover in Darnum
- Andy Burnham wins Makerfield byelection, emerges as Labour leadership contender
- Nollamara backyard development under investigation by City of Stirling amid neighbours’ concerns
- Europe's AI complacency risks economic collapse by 2031, warns think tank
- JLR at risk of battery supply delays after Somerset factory turmoil