AllHere Education, known for creating the "Ed" chatbot used by major school districts, filed for Chapter 7 bankruptcy and laid off workers before the charges were filed. The company is now under the control of a court-appointed bankruptcy trustee. Smith-Griffin's combined charges carry a potential sentence of over 40 years, with the aggravated identity theft charge carrying a mandatory two-year sentence.
Key takeaways:
- Joanna Smith-Griffin, founder of AllHere Education, was charged with securities fraud, wire fraud, and identity theft for allegedly defrauding investors.
- Prosecutors claim she lied about the company's financials and contracts with major school districts to secure millions in investments.
- Smith-Griffin is also accused of embezzling corporate funds for personal expenses, including a house downpayment and her wedding.
- AllHere Education has filed for Chapter 7 bankruptcy and is now controlled by a court-appointed bankruptcy trustee. Smith-Griffin faces over 40 years of potential incarceration if convicted.