Nathan Fuller / Privvy Investments
Summary
Nathan Fuller, a resident of Cypress, Texas, operated Privvy Investments LLC and affiliated entity Gateway Digital Investments to raise approximately $12.3 million from roughly 150 investors between October 2022 and mid-2024. The U.S. Securities and Exchange Commission filed a federal complaint on May 28, 2026 alleging Fuller ran a Ponzi scheme predicated on fabricated AI trading bots, false regulatory claims, and forged documentation, diverting over $11.7 million to personal use and recycled investor payments while deploying less than 3% of raised funds to any actual trading activity. Fuller has already been denied a bankruptcy discharge by a Texas bankruptcy court after admitting in those proceedings that he operated Privvy as a Ponzi scheme.
Connected Entities
1 entities · 10 linked investigationsTimeline(7 events)
2022-10-01
Fuller begins raising funds through Privvy Investments LLC, offering joint-venture interests in an alleged AI-driven crypto trading scheme.
CoinDesk / SEC complaint2024-06-01
As investors attempt to withdraw funds, Fuller creates fictitious firm 'Blockchain Audit Solutions' and uses ChatGPT to generate a fraudulent letter requiring KYC verification before any payouts.
The Block / SEC complaint2024-07-01
Scheme ends (mid-2024); approximately $12.3 million raised from roughly 150 investors. Only ~$380,000 (3%) used for any actual crypto trading.
Crypto Briefing / SEC complaint2024-10-01
After investors sue Fuller in Texas state court and a receiver is appointed to seize assets, Fuller files for Chapter 7 bankruptcy in the Southern District of Texas.
Decrypt / Yahoo Finance2025-08-01
Bankruptcy Court for the Southern District of Texas issues default judgment denying Fuller's discharge of over $12.5 million in unsecured debt. Court finds Fuller concealed assets, falsified records, made false oaths, and obstructed the Chapter 7 trustee. Fuller admits in these proceedings to operating Privvy as a Ponzi scheme.
DOJ Office of Public Affairs2026-05-28
SEC files civil complaint against Nathan Fuller in U.S. District Court for the Southern District of Texas (Litigation Release LR-26558), alleging violations of Securities Act Sections 5(a), 5(c), 17(a) and Exchange Act Section 10(b) and Rule 10b-5.
Crypto Times (references LR-26558)2026-05-30
SEC enforcement action against Fuller reported publicly. Multiple crypto media outlets cover the complaint and its connection to the prior bankruptcy denial.
CoinDesk, The Block, Cointelegraph, Crypto BriefingDecision Log
- hash: 5AyCuSjgC2STq7Zx3pyryKieiVT4wWdLvvx7ANPgsQyE
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/31/2026, 7:04:45 AM
last updated: 5/31/2026, 7:05:38 AM
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