Link: https://cointelegraph.com/news/sec-charges-texas-man-with-123m-crypto-fraud-fake-ai-trading-bots

This is an automated archive made by the Lemmit Bot.

The original was posted on /r/cryptocurrency by /u/zesushv on 2026-05-31 04:02:19+00:00.

From the article.

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 professional liability insurance policy. None of it was true, the SEC alleges.