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SEC Charges in $14M Crypto Scam Using Fake AI Investment Tips

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2 unique sources, 2 articles

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The U.S. Securities and Exchange Commission (SEC) has filed charges against multiple companies and investment clubs for their alleged involvement in a cryptocurrency scam that defrauded retail investors of over $14 million. The scam involved fake AI-generated investment tips and fraudulent trading platforms. The fraudsters used social media ads and WhatsApp group chats to lure investors, promising high returns based on AI-generated signals. The platforms Morocoin, Berge, and Cirkor were used to facilitate the scam, and the investment clubs AI Wealth, Lane Wealth, AIIEF, and Zenith were involved in the operation. The scam operated from January 2024 to January 2025, with the fraudsters convincing investors to deposit funds into fake trading platforms and then demanding advance fees for withdrawals. The ill-gotten proceeds were moved overseas through a network of bank accounts and crypto asset wallets. The case was filed in the United States District Court for the District of Colorado.

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  1. 24.12.2025 11:19 2 articles · 1d ago

    SEC Files Charges in $14M Crypto Scam Using Fake AI Investment Tips

    The U.S. Securities and Exchange Commission (SEC) has filed charges against multiple companies and investment clubs for their alleged involvement in a cryptocurrency scam that defrauded retail investors of over $14 million. The scam involved fake AI-generated investment tips and fraudulent trading platforms, with the fraudsters using social media ads and WhatsApp group chats to lure investors. The investment clubs operated from January 2024 to January 2025, and the platforms Morocoin, Berge, and Cirkor were used to facilitate the scam. The ill-gotten proceeds were moved overseas through a network of bank accounts and crypto asset wallets. The case was filed in the United States District Court for the District of Colorado.

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