The U.S. Securities and Exchange Commission has sued a Texas entrepreneur it says raised $12.3 million from about 150 investors by promising profits from artificial-intelligence trading bots that did not exist. A “ Crypto Arbitrage” Operation Built on a Lie According to a complaint filed on May 29, the Securities and Exchange Commission (SEC) has […]The Bots Were Fake: SEC Sues Privvy Founder Over $12.3 Million Crypto Scheme
The U.S. Securities and Exchange Commission has sued a Texas entrepreneur it says raised $12.3 million from about 150 investors by promising profits from artificial-intelligence trading bots that did not exist. A “ Crypto Arbitrage” Operation Built on a Lie According to a complaint filed on May 29, the Securities and Exchange Commission (SEC) has […]