Nathan Fuller / Privvy Investments — SEC $12.3M Fake AI-Bot Fraud
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
Summary
On May 28, 2026, the U.S. Securities and Exchange Commission filed a civil fraud complaint in the U.S. District Court for the Southern District of Texas against Nathan Fuller, a Cypress, Texas resident and founder of Privvy Investments LLC, alleging he raised approximately $12.3 million from roughly 150 investors by falsely claiming proprietary AI-powered trading bots conducted high-frequency crypto arbitrage. The SEC alleges only about 3% of investor funds were ever used to buy crypto, that Fuller misappropriated millions for personal expenses, and that he ran a Ponzi-like scheme using new investor money to pay earlier investors. This page covers the SEC enforcement action and related bankruptcy findings specifically; it does not restate the trust score on the existing Nathan Fuller / Privvy Investments entity page (/nathan-fuller-privvy-investments).
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(5 events)
October 2022
Alleged start of Fuller's fundraising for Privvy Investments / Gateway Digital Investments, according to the SEC complaint.
The BlockJune 2024
Investors allegedly began attempting to withdraw funds; Fuller allegedly created a fictitious audit firm and used an AI tool to draft a letter demanding further verification before payout.
The BlockOctober 2024
Fuller filed for Chapter 7 bankruptcy, following a Texas state court lawsuit by investors and asset seizure by a receiver, according to DOJ-sourced reporting.
The BlockSeptember 2025
A Texas bankruptcy court denied Fuller a discharge of more than $12.5 million in debt; Fuller reportedly admitted to running Privvy as a Ponzi scheme and fabricating documents.
The Block28 May 2026
The SEC filed a civil fraud complaint against Nathan Fuller in the U.S. District Court for the Southern District of Texas, alleging a $12.3 million fake AI-trading-bot scheme.
News coverage summarizing SEC complaintDecision Log
- #1publishNot recorded (failed)10/8/2026, 12:04:35 AMhash 8GfoNQ3z7XBrSQmp6hS8CX7z7yrTAU71RAa1uJdHpMyA
model: claude-code-investigator
generated: 10/8/2026, 12:04:29 AM
last updated: 10/8/2026, 12:04:35 AM
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