😱 He promised an AI capable of generating profits in crypto… but allegedly spent the money on his lifestyle.


According to the SEC, Texas native Nathan Fuller raised millions of dollars from investors by claiming to have crypto trading software powered by AI.
U.S. regulators accuse him of diverting approximately $6.2 million to fund personal expenses, while the technology presented to investors never actually worked as promised.
The case highlights a growing trend: the use of the word "AI" as a marketing pitch to attract capital into crypto projects that are sometimes far removed from reality.
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