SEC Alleges Crypto Founder Used Fake AI Bots in $12.3M Investor Scam The SEC has sued Privvy Investments founder Nathan Fuller, accusing him of raising $12.3 million from investors by promoting fake AI-powered crypto trading bots that promised unusually high returns. Regulators say the technology did not work as advertised and only a small portion of investor funds was used for crypto trading. According to the complaint, millions were spent on personal expenses and payments to earlier investors. The SEC also alleges Fuller used fake insurance and licensing claims, and later used ChatGPT to help create misleading messages that delayed investor withdrawals. #Crypto #CryptoCurrency #BabaCrypto #Blockchain #BitcoinNews #CryptoNews #CryptoMarket