A man who ran a crypto Ponzi scheme in Texas and squandered investors' money on luxury goods and gambling trips has been denied immunity from bankruptcy, proving that bankruptcy cannot be a "safe haven" for crypto fraud, legal experts say.
A Houston court denied Nathan Fuller's request to forgive him more than $12.50 million in debt, the Department of Justice's Office of Public Affairs announced Wednesday. The court found him guilty of hiding assets, falsifying records and acknowledging that his company, Privvy Investments LLC, operated as a Ponzi scheme.
The public affairs office said the ruling showed the program's vigilance against "fraudulent debtors" who undermine the integrity of the bankruptcy system.
US trustee accuses'dishonest debtors' in $12.50 million cryptocurrency bankruptcy case
2025-09-11 06:24:03
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