GameOn Fraud, Another Shocker from Silicon Valley

Boardroom Governance Newsletter #61 | Feb 6, 2025

“The Bay Area is home to incredible innovation and hard-working entrepreneurs, but innovation cannot grow through fraud. Schemes like the ones that defendants are charged with threaten our financial markets and cheat investors,” said First Assistant United States Attorney Patrick D. Robbins. “This indictment should serve as a reminder that we will investigate and hold fraudsters accountable.”

On January 23, 2023, Alexander Beckman, the founder and former CEO of GameOn, Inc. also known as GameOn Technology or ON Platform (“GameOn”), and his wife, Valerie Lau Beckman—a licensed attorney and GC of a VC firm involved in GameOn matters¹ —were arrested and indicted by the Department of Justice with conspiracy, wire fraud, securities fraud, identity theft, among other offenses. In parallel, the SEC charged Alexander Beckman with defrauding investors out of more than $60 million by falsely inflating the financial performance and commercial success of Game on. The SEC also charged Valerie Lau B…