The SEC has charged Texas resident Nathan Fuller over what it says was a $12.3 million crypto scam dressed up with AI buzzwords. Investigators say Fuller, through Privvy Investments and Gateway Digital Investments, pulled in money from about 150 investors by pitching proprietary AI trading bots and joint ventures. The promise was eye-popping: 40% to 50% returns in 30 to 45 days, and even more than 100% in just 21 days. Investors were also told their money was FDIC-insured, then sent account statements showing steady profits. Regulators say those statements were fabricated, the insurance claim was false, and millions of dollars were diverted instead of invested as promised. Strip away the crypto and AI branding, and the core allegation is simple: investors were sold a story of fast, safe, automated profits that did not exist.