On Wednesday, Texas State regulators demanded the termination of an “Artificial intelligence investment scam” that promoted TruthGPT Coin using fake animated avatars and images of Tesla and Twitter CEO Elon Musk to dupe would-be investors.

The emergency cease and desist order was filed against Horatiu Charlie Caragaceanu, The Shark of Wall Street, and Hedge4.ai.

Texas regulators say TruthGPT Coin and its creator came to the agency’s attention during routine market surveillance looking into various artificial intelligence offerings.