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SEC Press Releases·

SEC Charges Multiple Entities in Fraud Schemes Totaling at Least $15 Million That Used WhatsApp and Other Platforms to Lure Investors

  • The SEC charged Cryptoaiml Ltd., Cryptoaiml Capital Foundation, TSAI Pro Ltd., & TSAI Capital Foundation with defrauding investors through online investment confidence scams.
  • Perpetrators, likely located overseas, built online relationships with victims before stealing their funds.
  • The entities misappropriated over $12.5 million from Cryptoaiml schemes & over $2.8 million from TSAI schemes.
  • Two complaints were filed in the U.S. District Court for the Southern District of New York.
  • Cryptoaiml allegedly used WhatsApp groups to impersonate professionals, issue fake AI trading signals, & direct investors to a non-existent platform.
  • Cryptoaiml fraudsters posted a falsified Form D screenshot on their website to falsely claim SEC certification.
  • Victims of the Cryptoaiml scheme were told their accounts were frozen until they paid fraudulent advance fees.
  • TSAI entities allegedly promised guaranteed profits from fake AI trading bots & recruited investors to join the program.
  • TSAI fraudsters claimed the organization was fully regulated by the SEC & posted a phony certificate referencing a falsified Form D.
  • No genuine AI trading bots existed, & funds deposited for TSAI were never used to generate returns.
  • The SEC has removed the falsified Forms D filed by both Cryptoaiml Ltd. & TSAI Pro Ltd. from its website.
  • The SEC warns investors to verify backgrounds on Investor.gov & report suspicious schemes via its online tip portal.