He Said 'AI Bots' Made 100% in 21 Days — SEC Says Only 3% Was Ever Traded

The 'AI Trading Bot' That Barely Traded

Nathan Fuller had a pitch tuned perfectly to the AI hype cycle: proprietary, AI-powered bots executing high-frequency arbitrage across crypto markets. The SEC says the bots were essentially fiction.

The Pitch

From at least October 2022 through mid-2024, Fuller — a resident of Cypress, Texas — offered joint-venture interests through his company Privvy Investments LLC, also operating as Gateway Digital Investments. He raised roughly $12.3 million from about 150 investors, the SEC alleges, on the back of misrepresentations about his AI trading technology.

The Promises

The returns he dangled were the classic red flag: more than 40-50% within weeks, and guaranteed profits exceeding 100% within 21 days. No legitimate arbitrage strategy produces those numbers, and according to the SEC, neither did Fuller's.

Where the Money Went

The SEC's accounting is stark: only about 3% of investor funds actually went toward crypto trading. The complaint alleges Fuller used roughly $6.2 million for personal expenses and $5.5 million for Ponzi-like payments to earlier investors — the rotating-money mechanic that keeps a scheme alive until new deposits dry up.

The SEC filed its action on May 28, 2026, seeking permanent injunctions, disgorgement, and civil penalties. The case is a textbook example of how 'AI' became the new magic word bolted onto an old structure.