SEC Charges Texas Man with $12.3M Crypto Fraud Scheme Using Fake AI Trading Bots
SEC Charges Texas Man with $12.3M Crypto Fraud Scheme Using Fake AI Trading Bots
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The U.S. Securities and Exchange Commission (SEC) has filed charges against Nathan Fuller, a Texas man, for allegedly defrauding 150 investors out of $12.3 million. Fuller's scheme reportedly involved promoting fake AI trading bots to solicit investments in what he claimed was a lucrative cryptocurrency venture.
The SEC charged Texas man Nathan Fuller with raising $12.3 million from 150 investors through a crypto fraud scheme built around fake AI trading bots.