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SEC Charges Fake Crypto Platforms, AI Investment Clubs in $14M Scam
Yahoo Finance· 2025-12-23 20:06
The US Securities and Exchange Commission has filed charges against a network of alleged fake crypto trading platforms and so-called AI investment clubs, accusing them of running a coordinated scheme that defrauded retail investors of more than $14 million. Key Takeaways: The SEC charged fake crypto platforms and AI-branded investment clubs over a $14 million retail investor scam. Fraudsters allegedly used social media ads and WhatsApp groups to promote fake AI trading tips and platforms. Regulators ...