the staff of the Ridgewood blog
Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced that the Bureau of Securities (the “Bureau”) issued a Cease and Desist Order to stop an investment scheme purportedly powered by artificial intelligence and endorsed by Elon Musk. The website for TruthGPT Coin has since been taken down. The Bureau issued the enforcement action in coordination with several states bringing actions against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai (collectively, “Respondents”).
