SEC Charges Texas Man for $12.3M Crypto Fraud Using Fake AI Bots
The post SEC Charges Texas Man for $12.3M Crypto Fraud Using Fake AI Bots appeared on BitcoinEthereumNews.com. 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