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SEC sues Privvy founder over $12.3 million crypto scheme as AI 'bots' turn out to be neither
The SEC alleges Fuller spent misappropriated funds on a roughly $1 million house, gambling, trading cards, travel and a Jeep.
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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.
