BLOOMBERG LAW · 2026-11-12 20:43 UTC

Texas Man to Pay SEC $13.8 Million Over AI Trading Crypto Scheme

A Texas crypto trader, Nathan Fuller, will pay the SEC over $13.8 million under a default judgment. The payment covers disgorgement of illicit gains, prejudgment interest, and a civil penalty, per an order from Judge Lee H. Rosenthal. The SEC alleged his AI trading bots did not function or lacked the AI capabilities he claimed; he reportedly used about $380,000 of investor funds.

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