U.S. prosecutors have subpoenaed Builder.ai’s former CFO as part of an ongoing investigation
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.