📰 News31 May 2026·3 min read·
SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots
Source: CoinDesk
The SEC has sued a Texas man who allegedly raised $12.3 million using fake AI-powered crypto trading bots, diverting $6.2 million for personal use and running Ponzi-like payments. Only 3% of funds were ever used for actual crypto trading.
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