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

The post Argentina’s Unprecedented Crackdown on Crypto Fraud Yields Significant Seizures appeared on BitcoinEthereumNews.com. In an extensive crackdown on cryptocurrency-related fraud, authorities in Argentina have apprehended 24 suspects and seized digital currencies worth over 8 million USDT, marking one of the most comprehensive operations against crypto scams in the nation’s history. What Did the Investigation Uncover? Continue Reading:Argentina’s Unprecedented Crackdown on Crypto Fraud Yields Significant Seizures Source: https://en.bitcoinhaber.net/argentinas-unprecedented-crackdown-on-crypto-fraud-yields-significant-seizures

The post DOJ’s Record 127,271 BTC Seizure Resurfaces Amid Scam Crackdown appeared on BitcoinEthereumNews.com. Key Takeaways Authorities sought forfeiture of 127,271 BTC in a case involving Cambodian national Chen Zhi. Federal investigators linked crypto scams to trafficking, money laundering, and organized crime networks. DOJ and FBI actions show broader pressure on scam compounds operating across Southeast Asia and beyond. Record Bitcoin Case Puts Global Scam Compounds Back in Focus The U.S. Department of Justice (DOJ)’s record bitcoin forfeiture case has returned to focus after new reporting on global scam-compound crackdowns. The case was first announced by the Justice Department on Oct. 14, 2025, when prosecutors unveiled criminal charges against Cambodian national Chen Zhi and a related civil forfeiture complaint. The Justice Department said Chen, also known as Vincent, founded and chaired Prince Holding Group, a Cambodia-based conglomerate. Prosecutors charged him in Brooklyn wit

The DOJ’s record bitcoin forfeiture case has renewed scrutiny of global scam compounds tied to crypto fraud, trafficking, and organized crime. Authorities sought forfeiture of 127,271 BTC, worth about $15 billion. Record Bitcoin Case Puts Global Scam Compounds Back in Focus The U.S. Department of Justice (DOJ)’s record bitcoin forfeiture case has returned to focus […]

The post British Olympian CJ Ujah Appears at Court in Crypto Fraud Case appeared on BitcoinEthereumNews.com. Key Takeaways Olympian CJ Ujah and 9 others faced U.K. court charges on May 28 for an organized cryptocurrency fraud scheme. The gang allegedly drained digital assets from victims’ wallets, stealing $403,500 from a single individual. All 10 defendants are scheduled to return to the Chelmsford Crown Court on July 24 for the next legal step. Crypto Fraud Allegations British sprinter and Olympian CJ Ujah appeared in a U.K. court recently to face charges of belonging to an organized crime group that operated a cryptocurrency scam. Ujah, who previously tested positive for banned substances at the Tokyo Olympics, also faces potential charges of being concerned in the supply of cannabis. According to reports, the sprinter was among 10 individuals implicated in the fraud who appeared before Chelmsford Crown Court on May 28. Prosecutors accused Ujah and his associates of running an elabo

The post SEC Charges Texas Man With $12.3M Crypto Fraud Using Fake AI Trading Bots appeared on BitcoinEthereumNews.com. 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 Investments between at least October 2022 and mid-2024, according to the SEC’s complaint filed in the US District Court for the Southern District of Texas. Fuller allegedly promised investors returns of 40% to 50% within 30 to 45 days, with some told they could make guaranteed profits exceeding 100% in as little as 21 days. To back up the pitch, he claimed investor funds were secured by a surety bond, insured by the  Federal Deposit Insurance Corporation (FDIC) and protected by a

British Olympic sprinter CJ Ujah and nine other individuals appeared before U.K. on May 28 on charges related to an organized cryptocurrency fraud scheme. Crypto Fraud Allegations British sprinter and Olympian CJ Ujah appeared in a U.K. court recently to face charges of belonging to an organized crime group that operated a cryptocurrency scam. Ujah, […]

The post SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots appeared on BitcoinEthereumNews.com. The U.S. Securities and Exchange Commission (SEC) has sued Texas resident Nathan Fuller, alleging he raised about $12.3 million from roughly 150 investors through a crypto investment scheme built around false claims of AI-powered trading bots, guaranteed returns and insurance protections. According to a complaint filed in the U.S. District Court for the Southern District of Texas, Fuller operated through Privvy Investments LLC and the assumed business names Privvy Investments and Gateway Digital Investments. The SEC says he sold passive joint-venture interests in a purported crypto arbitrage trading operation from at least October 2022 through mid-2024. The agency claims that Fuller told investors that proprietary AI-based trading bots could scan crypto markets, execute high-frequency arbitrage trades and limit losses through stop-loss coding. The comp

The post South Korea Cracks Down on CatFi Rugpull: First-Ever Crypto Fraud Case Under New Investor Protection Law appeared on BitcoinEthereumNews.com. South Korean authorities tracked suspects for months after CatFi case was initially dismissed despite early blockchain sleuth reports and evidence. South Korean prosecutors have filed charges against a group of individuals linked to a Solana-based meme coin project called CatFi, following allegations that the token was used in a coordinated rugpull scheme after attracting investor funds. The Seoul Southern District Prosecutors’ Office confirmed in its Wednesday statement that five individuals are now facing charges in connection with the case, including two main suspects who have been placed in custody and three others who have been indicted without detention. Influencer Ruse, Fake Lockups Investigators say the group created and launched CatFi in early 2025 through the Solana meme coin platform Pump.fun. It managed to draw in investors