Too Long; Didn't Read
Magic Leap, the Florida based startup develops futuristic AR glasses, <a href="http://www.businessinsider.com/magic-leap-series-d-official-502-million-2017-10" target="_blank">which raised $502 million</a> in October 2017. The glasses produce <a href="http://www.businessinsider.com/incredible-augmented-reality-headset-2016-3" target="_blank">a hallucinatory effect by superimposing advanced computer graphics</a> onto the wearer’s view of the real world. No one expected to see the fraud scheme worth $1M inside such a successful company.