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
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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 fundraising practices. U.S. regulators have taken action against a Texas operator accused of misleading investors through artificial intelligence trading claims tied to crypto assets, as court filings reveal alleged misuse of funds, fabricated performance data, and widespread retail investor exposure across multiple jurisdictions. AI Trading Narrative and Investor Fund Breakdown The SEC alleges that the operator promoted these tools as proprietary bots capable of scanning exchanges and executing
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Lawrence Jengar
May 30, 2026 12:54
Nathan Fuller allegedly scammed 150 investors with promises of 100% returns via AI crypto trading bots. The SEC seeks penalties and funds recovery.
The U.S. Securities and Exchange Commission (SEC) has charged Nathan Fuller, a Texas resident, with orchestrating a $12.3 million cryptocurrency fraud. Fuller allegedly lured approximately 150 investors with promises of extraordinary returns through fake AI-powered trading bots, according to the SEC’s complaint filed on May 28, 2026, in the U.S. District Court for the Southern District of Texas. Operating through Privvy Investments, LLC, and Gateway Digital Investments, Fuller claimed his proprietary AI bots could deliver high-frequency arbitrage trading profits. He guaranteed returns of 40% to 50% within 30 to 45 days, with some investors reportedly promised 100% profits in just
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
A Pennsylvania-based bank is disclosing a data breach that was caused by artificial intelligence (AI) software. According to a filing with the U.S. Securities and Exchange Commission (SEC), Community Bank experienced a data breach earlier this month that impacted “customer names, social security numbers and dates of birth.” The filing says the data breach was […]
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The US Securities and Exchange Commission (SEC) is pressing charges against Nathan Fuller, a Texas resident, for running a multi-million dollar crypto investment fraud scheme. The case, filed at the US Southern District of Texas, seeks several penalties against the defendant for allegedly defrauding 150 victims. In a press release on May 28, the SEC […]
Bad actors have gained unauthorized access to the personal information of thousands of individuals following a security breach involving a Texas-based immigration and case management solution provider. Docketwise says it immediately initiated an investigation with the help of cybersecurity experts after suspecting in October of 2025 that the credentials of one of its third-party partner […]
The post 143,480 Americans Warned After Cybercriminals Target Texas Software Firm, Placing Personal, Financial and Medical Records at Risk appeared first on The Daily Hodl.
The case highlights the critical need for investor vigilance and regulatory scrutiny in the rapidly evolving crypto and AI investment landscape.
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