SEC charges Texas man with $12.3M crypto fraud using fake AI trading bots

[sunsilk]

The people are investing because the profit is large and the time to get the profit is short but they could careless about what is actually going to bring forth that amount of profit.

Because they're too greedy to take that as a reality and will benefit them from investing. The scammer intended to scam people and fooled them by having that AI bot.

This is where more scammers will come out with this idea because of how the world now glorifies how good AI is.

They think that they can beat the system and can trade profitably from time to time with the help of AI trading bots.

[Vod]

First of all, why an investor not make investigation to know if the money he wants to invest is truly secured by a surety bond, insured by the  Federal Deposit Insurance Corporation (FDIC) and protected by a professional liability insurance policy?
Why are people foolishly investing like this.

50% return in a month and a half is an obvious ponzi, so maybe people were hoping to get in early?   No serious investor would touch such a thing and the ones that did would not want law enforcement attention.