Texas crypto Ponzi operator denied $12.5M bankruptcy discharge

A Texas man who ran a cryptocurrency Ponzi scheme has been denied bankruptcy protection, leaving him personally liable for more than $12.5 million in debts. On Aug. 1, the Bankruptcy Court for the Southern District of Texas entered a default judgment against Nathan Fuller, who owned Privvy Investments LLC. Fuller used the crypto investment company to divert investor funds into luxury goods, gambling trips, and even a nearly $1 million home for his ex-wife, according to court filings. Fraud in plain sight ...