Cryptocurrency30 May 2026SEO 801 min read

Analysis: SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI tr…

Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading. Texas man Nathan Fuller all…

Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading. Texas man Nathan Fuller allegedly raised $12.3 million from 150 investors via a false AI crypto bot scheme promising up to 100% returns. Fuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading. To cover losses, Fuller used fabricated statements and an AI-generated letter to fraudulently reas…

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