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.

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 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.