Reed Smith San Francisco (Photo: Jason Doiy/ALM) Beyond Limits Accuses Upstart Ethos Asset Management of Defrauding Borrowers
The plaintiff, an AI company, alleges Ethos and its founder and CEO Carlos Santos misrepresented their position in order to obtain massive collateral and then defaulted on promised loans.
October 31, 2023 at 04:59 PM
3 minute read
Artificial intelligence company Beyond Limits is accusing an upstart asset management company and its CEO of defrauding borrowers by coaxing the companies into posting large amounts of collateral—and then never distributing the funds.
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