Krish Kumar / Future Fractal Investments
Summary
Krish Kumar is a Tulsa, Oklahoma college student who, between approximately January 2024 and February 2025, raised approximately $7.8 million across two self-managed crypto-focused investment funds — Future Fractal Investments LLC and Arcane Resonance Fund LLC. On March 26, 2026, the SEC filed settled civil charges (LR-26507, Case No. 4:26-cv-00184, N.D. Okla.) alleging Kumar misappropriated nearly $7 million: transferring more than $5.6 million of Future Fractal assets to personal accounts to buy 33,009 options on a Bitcoin mining company, losing approximately 98% in four trading days, then fabricating a cover-up including a photoshopped brokerage screenshot, before raising $1.8 million through a second fund and using $300,000 of that capital to pay off a prior investor in a Ponzi-like manner. Kumar consented to a bifurcated judgment with permanent injunctions; monetary remedies including disgorgement, civil penalties, and a five-year conduct bar remain pending as of June 2026.
Connected Entities
1 entities · 10 linked investigations- + 7 more
Timeline(17 events)
2023-01
Krish Kumar establishes Future Fractal Investments LLC in Tulsa, Oklahoma.
FA Magazine — College Freshman Duped Investors Out Of Nearly $7M, SEC Says2024-01-01
Kumar begins actively raising capital for Future Fractal from Tulsa-area personal contacts, representing a proprietary algorithmic options strategy limited to two index ETFs.
SEC Litigation Release LR-265072024-01-30
Future Fractal's second active trading day: the SEC alleges Kumar begins trading outside the represented strategy on this date and never trades in one of the two described ETFs.
InvestmentNews — SEC accuses college student of siphoning nearly $7 million2024-02-01
Future Fractal has incurred approximately $470,000 in trading losses by approximately February 2024, contrary to the 15.7% first-week return claimed to investors.
SEC Litigation Release LR-265072024-02-28
Kumar allegedly begins transferring more than $5.6 million of Future Fractal assets to personal and nominee accounts, continuing through early March 2024.
SEC Litigation Release LR-265072024-03-01
Kumar allegedly uses transferred Future Fractal funds to purchase 33,009 option contracts in a single publicly traded crypto-asset technology company focused on Bitcoin mining (identified in the complaint as 'Issuer A').
SEC Litigation Release LR-265072024-03-14
Kumar allegedly sends Future Fractal investors an email attributing losses to ETF trades and a nonexistent stop-loss order, attaching what the SEC describes as a photoshopped brokerage screenshot.
InvestmentNews — SEC accuses college student of siphoning nearly $7 million2024-03-17
Approximately 98% of Future Fractal assets transferred to Kumar's personal accounts are lost over approximately four trading days in mid-March 2024 on the Bitcoin mining company options position.
SEC Litigation Release LR-265072024-05-01
Kumar launches Arcane Resonance Fund LLC, targeting new investors — predominantly parents of college friends — with alleged misrepresentations about prior fund performance and risk.
SEC Litigation Release LR-265072025-02-28
Arcane Resonance Fund raises approximately $1.8 million from 10 investors by approximately February 2025. Kumar allegedly uses $300,000 to pay a Future Fractal investor, $20,000 to pay a personal debt, and transfers approximately $1.3 million to personal accounts.
SEC Litigation Release LR-265072025-03-11
Kumar discloses to Arcane Resonance Fund investors that the fund is down approximately 80%.
InvestmentNews — SEC accuses college student of siphoning nearly $7 million2026-03-26
SEC files civil complaint and settled charges (LR-26507) against Krish Kumar in the Northern District of Oklahoma (Case No. 4:26-cv-00184). Kumar consents to bifurcated judgment with permanent and conduct-based injunctions.
SEC Litigation Release LR-265072026-03-27
Agreed motion for bifurcated judgment filed with the court.
PACER Monitor — SEC v. Kumar, 4:26-cv-001842026-03-31
Judge Claire V. Eagan enters judgment against Krish Kumar.
PACER Monitor — SEC v. Kumar, 4:26-cv-001842026-04-29
SEC files motion for remedies and entry of final judgment, seeking disgorgement, pre-judgment interest, civil penalties, and five-year conduct bars.
PACER Monitor — SEC v. Kumar, 4:26-cv-001842026-05-08
Court grants Kumar an extension; his response to the SEC's remedies motion is due June 15, 2026; SEC reply due June 29, 2026.
PACER Monitor — SEC v. Kumar, 4:26-cv-001842026-05-18
Attorney Samuel Thomas Black appears as counsel for defendant Krish Kumar.
PACER Monitor — SEC v. Kumar, 4:26-cv-00184Decision Log
- hash: D8tTWC4Jdekm4yrEFKr4MqauZGAnStadTr7L64UCrfSD
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/3/2026, 12:02:43 AM
last updated: 6/3/2026, 12:02:49 AM
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