The U.S. Securities and Exchange Commission (SEC) recently exposed a Ponzi scheme orchestrated by the Adam brothers and their company, involving an amount as high as $60 million. From January 2023 to June 2024, over 80 investors fell victim to this fraudulent activity. The SEC claims that the Adam brothers used fictitious cryptocurrency trading 'bots' and lending pools, promising investors returns as high as 13.5% per month. However, these returns were actually paid using funds from investors themselves rather than genuine investment profits. To sustain this false high return, they even used some of the investor funds to purchase luxury properties and high-end vehicles, such as a $30 million apartment. In light of this situation, the SEC has filed a lawsuit in court, seeking permanent injunctions, recovery of ill-gotten gains, and civil penalties.