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SEC Charges Texas Man Nathan Fuller With $12.3 Million Crypto Fraud on May 29

GateNews
Enforcement Actions
According to ChainCatcher, the U.S. SEC charged Nathan Fuller, a Texas resident, with defrauding approximately 150 investors and raising $12.3 million through a fraudulent crypto trading scheme on May 29. Fuller operated through entities including Privvy Investments between October 2022 and mid-2024, selling investment products while claiming to use a proprietary AI trading bot for high-frequency crypto arbitrage. He promised investors returns exceeding 40%-50% within 30-45 days or over 100% returns guaranteed in as little as 21 days. According to the complaint, the AI bot did not operate as marketed. Fuller misappropriated at least $6.2 million in investor funds for personal expenses and used approximately $5.5 million in Ponzi-like payments to other investors, while fabricating account statements and false documents to deceive victims.
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