To keep the business afloat, Beckman depended entirely on investors, the indictment alleged. Seeking millions to cover both business and personal expenses, Beckman allegedly dreamed up a "brazen and wide-ranging" scheme to defraud investors starting in 2018, the indictment said.

The co-founder and former CEO of AI startup GameOn is in a pickle. After exiting the top job last year under a cloud, he's now in court – along with his wife – for allegedly bilking his company and its investors out of more than $60 million.

The indictment against GameOn founder Alexander Beckman wife and Valerie was unsealed this week and alleges the pair committed wire and securities fraud, conspiracy, identity theft and other charges.