SEC Charges Texas Man Nathan Fuller in $12.3M AI Crypto Trading Bot Fraud Case

TLDR: SEC says only 3% of $12.3M was traded, while the rest was funded for personal use and Ponzi payouts. Operator allegedly marketed fake AI crypto bots with claims of automated high-frequency returns. About 150 investors were affected through misleading performance reports and fabricated statements. Case signals tighter scrutiny on AI-branded crypto products and retail [...]

The post SEC Charges Texas Man Nathan Fuller in $12.3M AI Crypto Trading Bot Fraud Case appeared first on Blockonomi.