Privvy Investments (Nathan Fuller)
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anchored·3yDpaW…yzFkSummary
Privvy Investments LLC was a Texas-based cryptocurrency investment company operated by Nathan Fuller of Cypress, Texas, that the SEC alleges raised approximately $12.3 million from roughly 150 investors between October 2022 and mid-2024 using false claims about proprietary AI-powered trading bots. Fuller admitted in September 2025 Texas bankruptcy proceedings that the scheme was a Ponzi operation, and the SEC filed a civil complaint against him on May 28, 2026, in the U.S. District Court for the Southern District of Texas, alleging misappropriation of at least $6.2 million for personal use and $5.5 million in Ponzi-style payouts to earlier investors.
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- Under reviewincriminatingWayback pending7/26/2026, 10:09:30 PM
“Official SEC litigation release charging Nathan Fuller with securities fraud over $12.3M Ponzi using fabricated AI trading bots”
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Timeline(8 events)
October 2022
Nathan Fuller begins soliciting investors through Privvy Investments LLC, offering joint-venture interests in an alleged AI-powered crypto arbitrage trading program.
SEC Litigation Release LR-26558June 2024
As investors attempt to withdraw funds, Fuller allegedly creates fictitious entity 'Blockchain Audit Solutions' and uses AI-generated correspondence to delay payouts, claiming accounts require KYC re-verification.
Investment News: SEC sues Texas man over alleged $12.3 million AI crypto schemeJuly 2024
Scheme winds down; Fuller has raised approximately $12.3 million total and deployed only about $380,000 (3%) into actual crypto trading.
CoinDesk: SEC sues Texas man over $12.3 million alleged crypto schemeOctober 2024
Fuller files for Chapter 7 bankruptcy individually and through Privvy Investments LLC in the Bankruptcy Court for the Southern District of Texas, following civil suits filed by victims and appointment of a receiver.
DOJ Office of Public Affairs: Debtor Who Led Crypto Investment Scheme Denied Bankruptcy DischargeAugust 2025
Bankruptcy Court for the Southern District of Texas enters default judgment against Fuller after he admits operating Privvy as a Ponzi scheme and fabricating documentation, and after he is found to have given false testimony and falsified bankruptcy filings.
DOJ Office of Public Affairs: Debtor Who Led Crypto Investment Scheme Denied Bankruptcy Discharge10 September 2025
U.S. Trustee Program Region 7 (Houston) announces the court's denial of Fuller's bankruptcy discharge for over $12.5 million in listed debts, citing his admitted operation of Privvy as a Ponzi scheme and obstruction of bankruptcy proceedings.
DOJ Office of Public Affairs: Debtor Who Led Crypto Investment Scheme Denied Bankruptcy Discharge28 May 2026
SEC files civil complaint against Nathan Fuller in the U.S. District Court for the Southern District of Texas, alleging violations of the Securities Act of 1933 and Securities Exchange Act of 1934 in connection with the $12.3 million Privvy Investments scheme.
SEC Litigation Release LR-2655830 May 2026
Major crypto and financial press report the SEC complaint, widely covering the 'AI washing' angle and the prior bankruptcy admission as corroborating evidence.
CoinDesk: SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading botsDecision Log
- hash: 2L3wJNKFR4jJkiYXoJ9Ao3g8Bjptcr6a5uVDDteSA2n1
This investigation is cryptographically anchored to the Solana blockchain (1 event). 13 of 13 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 6/14/2026, 11:27:23 PM
last updated: 7/26/2026, 4:25:48 PM
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