Migliaccio & Rathod LLP is investigating whether crypto and stock AI trading bots misled investors with false promises of guaranteed profits and blocked access to their funds.
What Users Report About AI Trading Bots
Consumers say they were enticed by ads touting “guaranteed daily profit” or “AI that never loses,” only to find their deposits locked in 90-day bot cycles that prevent withdrawals. Many report Ponzi-like returns that collapse once new deposits slow, and fine print disclaimers revealing total-loss risk only after purchase.
Why Investors Should Be Concerned
These tactics may constitute false advertising, securities fraud, and unlawful negative-option marketing under federal and state law. Misleading claims about guaranteed returns violate Exchange Act §10(b) and the FTC’s ROSCA, while freezing user funds causes direct monetary loss and opportunity cost.
Signs You May Be Affected by AI Trading Bots
- You used an AI or Telegram/Discord trading bot that promised consistent or “guaranteed” profit.
- Your withdrawals were blocked or delayed during a required “bot cycle.”
- You lost money when the platform shut down or stopped paying returns.
If you invested in an AI trading bot and were unable to withdraw funds or suffered losses, contact [email protected] or (202) 470-3520 for a free evaluation.