SEC Charges Texan With $12.3M Crypto Fraud Involving ’Proprietary AI’ Scam

BTCC / BTCC Square / Global Cryptocurrency /

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2026-05-31 08:11:02

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The SEC has charged Nathan Fuller, a Cypress, Texas resident, with orchestrating a $12.3 million crypto fraud targeting 150 investors through his entities Privvy Investments LLC and Gateway Digital Investments. The scheme, active from October 2022 to mid-2024, promised returns exceeding 100% in 21 days using allegedly non-existent AI trading bots.

According to the complaint, Fuller misappropriated $6.2 million and funneled $5.5 million into Ponzi-style payments. The case reflects the SEC's continued crackdown on crypto fraud under Gary Gensler's administration, though enforcement approaches may evolve with personnel changes.

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