Feds Say Bogus Fund Chief Scammed $5M With AI Trading Lie
By Katryna Perera ( September 8, 2023, 9:40 PM EDT) -- Federal prosecutors on Friday charged the founder and CEO of a purported hedge fund with duping investors out of more than $5 million using false claims that he could earn them high returns by using "artificial intelligence-based high-frequency trading models."...
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
- Advanced search
- Judge information
- Real-time alerts
- 450K+ searchable archived articles
And more!
Experience Law360 today with a free 7-day trial.