For all the scary warnings about dangerous “deep fake” videos, and machine made ventriloquists, you have to wonder about the very low tech fraud rattling American markets.

One allegation in the indictment stands out, in particular, for its brashness. Allegedly, when an ON investor wanted to see the company’s bank statement directly from the bank, they arranged a visit with Beckman. According to the indictment, Lau had a fake statement planted and placed in an envelope at the bank; when Beckman and the investor showed up, they received the envelope and its sheet purporting a $13 million account balance. In reality, the indictment says, that account had just $25.93 and showed Beckman had recently wired $320,000 to a member of his family.

The indictment notes that if convicted, they will have to give up their… wait for it… Tesla.