By Isaac • May 30, 2026 9:58 am •
The SEC charged Texas resident Nathan Fuller on Thursday over an alleged crypto fraud scheme that pulled in about $12.3 million from roughly 150 investors.
The pitch was built on artificial intelligence. The agency says Fuller told investors he would run proprietary AI trading bots for high-frequency crypto arbitrage.
Trending: ‘There Are No Words’: 6th Grader Dies on School Trip
According to the SEC, the bots did not work as advertised.
The SEC complaint is a civil filing, and the allegations still have to be proved in court.
Even so, the complaint reads like a checklist of the crypto-fraud pitch in 2026: AI branding, guaranteed returns, fake account statements, and fabricated correspondence from entities that did not exist.
The numbers in the complaint show where the money
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!