Fake WhatsApp-Fueled Trades Bilked Investors, SEC Says
The SEC reports that investors lost over $15 million in crypto and cash due to fraudulent AI-driven stock trading schemes promoted through WhatsApp.
Hundreds of mom-and-pop investors lost more than $15 million in crypto and cash in fake artificial-intelligence stock trading schemes fueled by boosters in WhatsApp group chats, the Securities and Exchange Commission said Tuesday.
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