SEC · Bitcoinist
SEC Sues Texas Man For $12.3 Million Crypto Asset Fraud, Details
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The US Securities and Exchange Commission (SEC) is pressing charges against Nathan Fuller, a Texas resident, for running a multi-million dollar crypto investment fraud scheme.
Key facts
- Firstly, the Texas resident had spent $6.2 million on personal expenses, including luxury items, gambling tours, and a house valued at nearly $1 million for his ex-wife
- The man from Cypress allegedly promised some investors gains of 40%-50% within 30 days, and others a ridiculously audacious return of 100% in 21 days
- 28, the SEC stated that Fuller had adverted to and sold interests in a joint-venture crypto trading scheme under the company Privvy Investments LLC, linked to the business names Privvy Investments
- At the time of writing, the total crypto market cap is $2.48 trillion, representing an approximately 9% decline over the past week
Summary
The US Securities and Exchange Commission (SEC) is pressing charges against Nathan Fuller, a Texas resident, for running a multi-million dollar crypto investment fraud scheme. 28, the SEC stated that Fuller had adverted to and sold interests in a joint-venture crypto trading scheme under the company Privvy Investments LLC, linked to the business names Privvy Investments and Gateway Digital Investments. According to the SEC’s report, Fuller’s crypto asset investment fraud ran from around October 2022 to mid 2024. Firstly, the Texas resident had spent $6.2 million on personal expenses, including luxury items, gambling tours, and a house valued at nearly $1 million for his ex-wife. The Commission is pressing for multiple penalties against Fuller, including permanent injunctions, restitution of ill-gotten gains with prejudgment interest, and imposition of civil monetary penalties. At the time of writing, the total crypto market cap is $2.48 trillion, representing an approximately 9% decline over the past week.