---
title: "SEC charges siblings over $60M Ponzi touting a crypto trading bot"
url: https://diffcoin.com/sec-charges-siblings-over-60m-ponzi-touting-a-crypto-trading-bot/
description: "The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar…"
published: 2024-08-27
updated: 2024-08-27
author: "Mila"
site: "Diffcoin"
---

# SEC charges siblings over $60M Ponzi touting a crypto trading bot

The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.

[Source link](https://cointelegraph.com/news/sec-charges-2-brothers-over-60-million-crypto-trading-bot-ponzi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)