SEC Charges Texas Man With $12.3M Crypto Fraud Using Fake AI Trading Bots

Cointelegraph Staff

(01:30 PM UTC)

1 min read

The Securities and Exchange Commission has charged a Texas man with running a crypto fraud scheme that raised $12.3 million from roughly 150 investors by falsely claiming to use AI-powered trading bots to generate guaranteed returns.

Nathan Fuller, a resident of Cypress, Texas, operated the scheme through his company Privvy Investments, LLC, and under the assumed business name Gateway Digital…

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Cointelegraph Staff · Cointelegraph

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