SEC exposes $15 million alleged scam: How WhatsApp groups, AI trading promises and fake SEC claims lured investors

Economic Times - Sep 30, 2026

The SEC has charged multiple entities over two alleged investment scams totaling more than $15 million. The agency says WhatsApp groups, AI trading promises and fake SEC claims were used to attract hundreds of retail investors, with the schemes allegedly involving fraudulent trading platforms and investment programs.

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