Japheth Dillman told investors that Block Bits Capital's "Autotrader" software was finished and running, and took nearly $1 million.

Block Bits founder Japheth Dillman was convicted after a $960,000 crypto trading bot pitch prosecutors said was fiction.

Japheth Dillman convicted of wire fraud for Block Bits Fund scheme that raised $960,000 from investors using a fake crypto autotrading bot. He