[U.S. SEC Sues Three Fake Crypto Trading Platforms and Four Investment Clubs Involving $14 Million] The U.S. Securities and Exchange Commission (SEC) announced that it has filed lawsuits against three fake crypto asset trading platforms—Morocoin, Berge, and Cirkor—as well as four investment clubs. They are accused of using social media advertisements to lure retail investors into joining WhatsApp group chats, claiming to recommend stocks via AI, and thereby inducing investors to invest in fake platforms and counterfeit security tokens. The fraud amount exceeds $14 million. The fraudulent schemes include forging government licenses, fabricating trading records, and charging fake withdrawal fees. The SEC is seeking permanent injunctions, civil penalties, and disgorgement of ill-gotten gains.