Nathan Fuller promised investors up to 100% returns in 21 days, claimed AI bots were doing the trading, then spent half the money on personal expenses, the SEC alleges.

Nathan Fuller promised investors up to 100% returns in 21 days, claimed AI bots were doing the trading, then spent half the money on personal expenses, the SEC alleges.

The SEC charged Nathan Fuller with raising $12.3M from 150 investors through fake AI trading bots. Only 3% of funds were used for actual crypto purchases.