Spinning tales of using a robot that taught itself how to pick stocks, two British brothers—twins and then in their teens— bilked $1.2 million from American investors, according to the U.S. Securities and Exchange Commission.

The agency charged Alexander John Hunter and Thomas Edward Hunter with defrauding roughly 75,000 investors via an Internet-based pump-and-dump scheme. The brothers were only 16-years-old when they set the fraud in motion in 2007.

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