NJAdministrative OrderMultistate
Horatiu Charlie Caragaceanu, The Shark of Wall Street, and Hedge4.ai(Hedge4.ai)
The New Jersey Bureau of Securities issued a Cease and Desist Order against Horatiu Charlie Caragaceanu and his organizations for promoting TruthGPT Coin, a cryptocurrency scam that falsely claimed AI capabilities and endorsements from figures like Elon Musk. The respondents misrepresented the AI model's ability to predict cryptocurrency prices and manipulated images to show false endorsements, targeting investors with unrealistic profit promises.
LowAI/Automated Decisions