11.09.2025 10:27
In a significant development for victims of a notorious cryptocurrency fraud, a Texas bankruptcy court has decisively rejected Nathan Fuller's bid for debt discharge, thereby empowering his creditors to relentlessly pursue restitution. Fuller, the mastermind behind the illicit operations of Privvy Investments LLC, faced this legal setback, marking a crucial victory for those who suffered financial losses.
The U.S. Trustee Program played a pivotal role in securing this favorable outcome, presenting compelling evidence that painted Fuller as a serial deceiver. The court found that he not only operated Privvy Investments as an elaborate Ponzi scheme but also brazenly concealed substantial assets and provided false testimony in his bankruptcy filings. Millions of dollars, initially entrusted by unsuspecting investors, were illicitly siphoned off for his extravagant personal expenditures.
Fuller initiated bankruptcy proceedings in October following a state court lawsuit filed by his victims, which culminated in the appointment of a receiver to secure his assets. Despite declaring over $12.5 million in liabilities to his defrauded investors, his conduct throughout the bankruptcy process was anything but cooperative. He was repeatedly accused of obstruction and deceit, failing to maintain proper financial records, making numerous false statements under oath, and deliberately obfuscating his true asset holdings in both his personal case and the separate Privvy Investments bankruptcy filing. The court issued a default judgment against him on August 1.
Further damning revelations emerged from the Justice Department’s Office of Public Affairs, which reviewed extensive evidence demonstrating Fuller’s flagrant misuse of investor capital. The diverted funds financed a lavish lifestyle, including the acquisition of various luxury goods, frequent gambling excursions, and the purchase of a sprawling nearly $1 million residence for his ex-wife, who reportedly had direct involvement in the illicit enterprise. This pattern of reckless spending underscored the depth of his fraudulent activities, leaving a trail of financial devastation for his victims.
