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Builder.ai Ex-CFO Subpoenaed in US for Auditor Communications

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Builder.ai pitched software that would utilize AI to help users create apps with minimal coding experience.

Photographer: Stefani Reynolds/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Yazhou Sun, Mark Bergen, and Newley PurnellOctober 20, 2025 at 9:25 AM UTCBookmarkSave

US investigators are advancing a criminal probe into Builder.ai, demanding a former executive’s communications with the firm’s UK auditor and with others involved in the financial reporting for the artificial intelligence startup ahead of its June bankruptcy.

Federal Bureau of Investigation officers served former Builder.ai Chief Financial Officer Andres Elizondo at a Dallas area airport in August with a subpoena, said people familiar with the matter, asking not to be identified because the information isn’t public. Prosecutors sought information related to alleged violations of laws relating to wire fraud, securities fraud and conspiracy, according to the subpoena reviewed by Bloomberg, without naming the exact target of the probe. The US Attorney’s Office in Manhattan has been looking into Builder.ai’s financial practices and previously demanded the company turn over documents, Bloomberg News reported in May.

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