SEC Charges Texas Resident Nathan Fuller With Operating $12.3 Million Crypto Fraud Scheme

According to SEC Litigation Release filed May 29, 2026, the SEC is charging Nathan Fuller, a Texas resident, with operating an alleged $12.3 million crypto fraud scheme that raised funds from approximately 150 investors between October 2022 and mid-2024.

Fuller allegedly solicited investors through Privvy Investments, LLC and related entities by promising extraordinary returns of 40-50% within 30 to 45 days, claiming proprietary AI-based trading bots would conduct high-frequency arbitrage trading in crypto markets. The SEC alleges these representations were false and that Fuller misappropriated at least $6.2 million for personal expenses while using approximately $5.5 million to make Ponzi-like payments to earlier investors to maintain the appearance of profitability.