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SEC Sues Cryptoaiml and TSAI Over Alleged $15 Million AI Scams
Two New York lawsuits allege investors were shown fictitious profits and pressured for more money when they sought withdrawals.
The Securities and Exchange Commission sued Cryptoaiml and TSAI in New York, alleging two crypto AI-trading schemes defrauded investors of about $15 million.
The SEC alleges investors were shown fictitious profits through the schemes and were pressured to provide more money when they tried to withdraw their funds.
The lawsuits allege misconduct involving Cryptoaiml and TSAI.
The allegations have not been proven in court.
