# AI Ponzi Scheme Exposed

Page: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/ai-ponzi-scheme-exposed
Text version: https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/ai-ponzi-scheme-exposed.md
Podcast: [Bitcoin & Crypto News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376)
Published: 2026-05-30T17:44:31+00:00
Episode link: https://api.fastcast.ai/audio/f3d52372-74c9-4b97-ab19-cfc16d45b4d9.mp3
Audio file: https://api.fastcast.ai/audio/f3d52372-74c9-4b97-ab19-cfc16d45b4d9.mp3
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JSON: https://stenobird.com/v1/public/podcasts/bitcoin-crypto-news-today-2-min-news-the-daily-news-now-7492376/episodes/ai-ponzi-scheme-exposed
Duration seconds: 81

## Resource

SEC slams Texas crypto hustler Nathan Fuller for running a $12M AI trading bot scam—only 3% went to trading, $6M vanished into his pocket, and $5.5M paid earlier investors like a Ponzi scheme. He allegedly faked statements and used AI to forge audit letters to fool victims. Now facing federal charges, penalties, and a lifetime ban from investing—this isn’t his first rodeo. A brutal warning: if it sounds too good to be true, especially with AI hype, do your homework or walk away. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/f8dae84b2687a411

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## Transcript

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