SEC charges Texas resident over alleged $12.3M crypto fraud using AI trading bots

The US Securities and Exchange Commission has filed charges against Nathan Fuller of Cypress, Texas, alleging that he orchestrated a crypto asset investment scheme that raised approximately $12.3 million from about 150 investors.

Fuller allegedly marketed the program as an AI-driven, high-frequency crypto arbitrage operation capable of generating extraordinary returns.

According to the complaint, the Texas resident offered investment opportunities through Privvy Investments and related business names between October 2022 and mid-2024. He allegedly promised returns exceeding 40–50% within weeks and guaranteed profits of more than 100% within 21 days…

Story continues

TRENDING NOW

LATEST LOCAL NEWS