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SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots
Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading.
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cointelegraph.com
SEC Charges Texas Man With $12.3M Crypto Fraud Using Fake AI Trading Bots
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.
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cryptobriefing.com
SEC charges Nathan Fuller with $12.3M crypto fraud using fake AI trading bots
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.
