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The indictment alleges Brackett added a “5” at the beginning of the $94,420 balance to make it falsely appear as $594,420.

Michael Brackett was arrested Tuesday on wire and securities fraud charges after he allegedly lied to investors about the financial health of his tech startup, Centricity Inc.

Michael Brackett was arrested Tuesday on wire and securities fraud charges after he allegedly lied to investors about the financial health of his tech startup, Centricity Inc.

Jan. 12, 2021 7:13 pm ET Centricity Inc., a startup that uses artificial intelligence to help companies predict consumer demand for specific products in particular communities, is expected to raise $10 million in new venture-capital money this year. The New York City-based company, one of many enterprise technology startups that have gained traction during the pandemic, uses AI algorithms to analyze some 2.5 billion data points’ worth of internet traffic a day to predict demand for products so that retailers can stock their shelves accordingly. About 10 undisclosed companies in E...

Pulse on the market: A COVID holiday season 12/23/2020 | 02:14pm EDT Send by mail : Message : NEW YORK, Dec. 23, 2020 /PRNewswire/ -- As the season changes and the pandemic surges, Centricity has been tracking how Americans have adjusted to an unusual holiday season. A second wave of COVID-19 has spurred more  shortages in paper goods and cleaning supplies, but even outside those industries, every retailer and CPG company is having to navigate the volatile pandemic economy. As 2020 draws to a close, here are a few trends we've seen shape the holiday market thus far: Kids in the kitchen m...