Report
Hundreds of investors reportedly lost more than $15 million in fake AI stock-trading schemes
Bloomberg, citing the SEC, reports that boosters in WhatsApp group chats fueled the schemes. The reported losses were in crypto and cash.
TLDR
Bloomberg reports that the SEC said hundreds of mom-and-pop investors lost more than $15 million in crypto and cash in fake AI stock-trading schemes fueled by boosters in WhatsApp group chats.
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