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Bogus AI Hedge Fund Chief Finalizes $4.1M SEC Deal

By Emilie Ruscoe ( December 12, 2025, 4:16 PM EST) -- A self-styled hedge fund CEO who pled guilty to scamming investors with claims that his firm used artificial intelligence for its high-frequency trading strategy has finalized a parallel $4.1 million settlement with the U.S. Securities and Exchange Commission, though the debts would be considered satisfied by his criminal restitution, a Brooklyn federal judge said Friday....

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