Crypto Fraudster faces Severe Consequences in Texas Bankruptcy Court
A notable blow has been dealt to Nathan Fuller, a crypto fraudster, by a texas bankruptcy court. The court denied Fuller’s attempt to delete debts using Chapter 7, a common bankruptcy strategy. This case sets a striking example for others planning similar moves.
The case revolves around Fuller’s $12.5M debts linked to his crypto Ponzi scheme named Privvy Investments. The U.S.Trustee program (USTP) uncovered Fuller’s misconduct, including hiding assets and lying during legal proceedings.
- Fuller admitted to using investor money for lavish purchases, gambling, and a $1M home.
- The judgment ensures fuller can’t escape his debts via bankruptcy.
Kevin Epstein, the U.S. trustee for Region 7, warned that bankruptcy won’t shield fraudsters. The USTP remains alert for such cases to protect the bankruptcy system’s integrity.
Fuller’s downfall started in October 2024 when a Texas court appointed a receiver to seize his assets. The USTP’s Houston office then took action against Fuller’s wrongdoing.
Proving his deceit, Fuller was unable to present accurate financial records. He misled investors with fake documents. When ordered by the court, Fuller refused cooperation, leading to his contempt citation.
Under pressure,Fuller conceded Privvy Investments was a Ponzi scheme all along. He accepted his guilt in manipulating testimony and documents to avoid detection.
