In a dramatic end to a tangled web of false promises and fabricated technology, a Brooklyn federal judge has approved a Bogus AI $4.1M SEC Deal with a Florida man who pretended to helm an AI-powered hedge fund—only for the Justice Department to reveal his firm was little more than smoke, mirrors, and doctored buzzwords. SEC finalizes Bogus AI $4.1M SEC Deal with Tadrus as criminal restitution fully satisfies penalties.
In a dramatic end to a tangled web of false promises and fabricated technology, a Brooklyn federal judge has approved a Bogus AI $4.1M SEC Deal with a Florida man who pretended to helm an AI-powered hedge fund—only for the Justice Department to revea… [911 chars]
Source: USA Herald | Published: 2025-12-12T21:39:44Z
Credit: USA Herald
