SEC charges Texas man over $12.3M crypto fraud scheme

The U.S. Securities and Exchange Commission (SEC) has charged Texas resident Nathan Fuller with raising approximately $12.3 million by allegedly deceiving investors with promises of high returns from an AI-based trading bot. According to the SEC, Fuller attracted funds from about 150 investors from 2022 to 2024, promoting guaranteed returns of up to 100% or more within 21 to 45 days.