The US Securities and Exchange Commission (SEC) has taken action against a Texas man accused of operating a digital asset trading scheme that allegedly raised around $12.3 million through false promises.
Nathan Fuller, from Cypress, Texas, is accused by the SEC of using 'various misrepresentations and omissions' to attract approximately 150 investors to his company, Privvy Investments.
According to the complaint filed with the U.S. District Court for the Southern District of Texas, Fuller promised investors guaranteed profits exceeding 100% within a short period, often using AI-based trading bots as a selling point.