{"id":97742,"date":"2026-05-31T15:04:47","date_gmt":"2026-05-31T12:04:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=97742"},"modified":"2026-05-31T15:05:08","modified_gmt":"2026-05-31T12:05:08","slug":"sec-sues-over-12-3-million-crypto-scheme-involving-fake-ai-bots","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/sec-sues-over-12-3-million-crypto-scheme-involving-fake-ai-bots\/","title":{"rendered":"SEC Sues Over $12.3 Million Crypto Scheme Involving Fake AI Bots"},"content":{"rendered":"<p>The SEC has charged Nathan Fuller, founder of Privvy Investments, with orchestrating a $12.3 million scam. He raised funds from approximately 150 investors, promising returns of up to 100% through AI bots for arbitrage cryptocurrency trading. The assistants did not function properly, and only 3% of the capital was used in trading. Fuller misappropriated at least $6.2 million and used $5.5 million for payouts in a Ponzi scheme.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEC charged Privvy Investments founder Nathan Fuller with orchestrating a $12.3 million fraudulent scheme. The entrepreneur attracted funds from about 150 investors, promising returns of up to 100% through arbitrage trading with AI bots that did not function properly. Fuller misappropriated at least $6.2 million and used $5.5 million for payouts in a Ponzi scheme.<\/p>\n","protected":false},"author":1,"featured_media":97743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"SEC charged Nathan Fuller with a $12.3 million crypto scam involving fake AI bots.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[2453],"tags":[],"class_list":["post-97742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oneliners"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"1","layout_type":"1","short_excerpt":"SEC charged Nathan Fuller with a $12.3 million crypto scam involving fake AI bots.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=97742"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97742\/revisions"}],"predecessor-version":[{"id":97744,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/97742\/revisions\/97744"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/97743"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=97742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=97742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=97742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}