The SEC charged Nathan Fuller in an alleged crypto asset trading scheme that raised approximately $12.3 million from about 150 investors. The SEC alleged that Fuller falsely claimed he would use proprietary AI-based trading bots for high-frequency crypto arbitrage, promised short-term returns, misrepresented insurance/surety protections, misappropriated at least $6.2 million, used approximately $5.5 million for Ponzi-like payments, and used fake account statements and fabricated correspondence.