SEC charges Nathan Fuller with $12.3M crypto fraud using fake AI trading bots
Nathan Fuller has been charged by the SEC with a $12.3 million crypto fraud involving fake AI trading bots. He allegedly misappropriated over half of the funds for personal expenses, with only 3% actually used for crypto purchases. The case highlights the risks of investments promising unrealistic returns and the importance of verifying credentials.
- ▪Fuller convinced 150 investors that his AI trading bots could double their money in three weeks.
- ▪Only about $380,000 of the $12.3 million raised was used to purchase crypto assets.
- ▪The SEC filed a complaint against Fuller in the US District Court for the Southern District of Texas.
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SEC charges Nathan Fuller with $12.3M crypto fraud using fake AI trading bots Only 3% of investor funds were actually used for crypto purchases, with Fuller allegedly pocketing more than half for personal expenses. Share Add us on Google by Editorial Team May. 30, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); A Texas man allegedly convinced 150 people that his AI-powered trading bots could double their money in three weeks.
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