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The post U. S. prosecutors have subpoenaed Builder. ai’s former CFO as part of an ongoing investigation appeared com. U. S. prosecutors are currently investigating the collapse of Builder. ai, a Microsoft-backed startup. Builder. ai’s former chief financial officer has been summoned by U. S. prosecutors and is expected to appear before a grand jury to assist the ongoing investigation into the AI firm’s collapse. U. S. prosecutors seek answers after AI startup’s sudden fall U. S. authorities have issued a subpoena signed by Jay Clayton, the U. S. attorney for the Southern District of New York, to Andres Elizondo, the former chief financial officer of Builder. ai. The summons is due to an expanding investigation into the financial collapse of the once high-flying artificial intelligence startup backed by Microsoft. Reportedly, Elizondo was ordered to appear before a grand jury in Manhattan in September. He served as CFO between 2021 and 2023 and was approached by FBI agents in August during a flight stopover in Dallas. Lawyers for Builder. ai previously indicated he remained in his post until July of that year, and the company had yet to appoint a permanent replacement at the time of its collapse. The agents reportedly handed him the subpoena in person. Elizondo was not considered a suspect or target in the investigation, but he has cooperated fully with authorities, according to a person familiar with the situation. Builder. ai, previously known as Engineer. ai, had positioned itself as a unique platform that could automate the creation of apps and websites using AI tools. Co-founded by Sachin Dev Duggal, who referred to himself as the company’s “chief wizard,” Builder. ai became one of the UK’s most celebrated tech startups, attracting investors including Microsoft and achieving a valuation of more than $1B at its peak. However, the company collapsed into insolvency in May 2025 after an internal review uncovered potentially fabricated sales and forced a significant reduction in its reported revenues to roughly a quarter of the.
After F1 The Movie shattered box office records worldwide, legendary producer Jerry Bruckheimer has confirmed that discussions are already underway for a possible sequel, with Lewis Hamilton in an eve.
The post This Fast-Food Chain’s Secret Bitcoin Strategy Is Driving a 15% Revenue Surge appeared com. Steak ‘n Shake expands to El Salvador, adopting Bitcoin payments after reporting an 11% sales increase in US locations. A new rewards program offers $5 in Bitcoin for purchasing specific meal items to drive adoption. The Steak ‘n Shake restaurant chain has confirmed plans to establish operations in El Salvador. This move represents an international expansion for the company founded in 1934. El Salvador adopted Bitcoin as legal tender in 2021. The company’s decision is part of a corporate strategy aimed at integrating crypto assets into its global payment options. The brand recently participated in the Bitcoin Histórico event in San Salvador. During the gathering, the firm set up a temporary point of sale in Gerardo Barrios Plaza. They offered products from their traditional menu, including fries cooked with grass-fed beef tallow and their signature Steakburgers. The company’s official X account expressed positive expectations about starting operations in the Central American nation. The description of El Salvador as “Bitcoin Country” appeared in the digital communication. The firm underlined its intention to integrate progressively within the local digital economy. Steak ‘n Shake began accepting Bitcoin as a payment method in United States locations starting in May 2025. Dan Edwards, Chief Operating Officer, set a goal for cryptocurrency adoption across all worldwide franchises. Sales Growth and BTC Rewards Program Internal data from Steak ‘n Shake reflects an 11% increase in sales during the second quarter. This growth was registered specifically in locations that enabled Bitcoin payments. Management attributes this result directly to the incorporation of the cryptocurrency. The chain currently operates more than 400 establishments within the United States. Its public positioning is oriented towards being a fast-food brand open to digital assets. A collaborative agreement with the Fold rewards app forms part of this initiative. The alliance allows customers who purchase.