DoJ charges Canadian crypto fund manager who ran $42m fraudulent ‘house of cards’ – DL News
- DoJ charges Gray Digital CEO Nathan Gauvin.
- Gauvin allegedly lied to investors about his background and Gray Digital’s assets and returns.
- He also used investor funds to pay personal expenses, including to a private members-only social club in London.
US authorities have filed charges against the Canadian founder of a phoney investment fund that lured $42 million from investors.
The fund, called Gray Digital, was run by 26-year-old Nathan Gauvin. It dazzled investors with records of almost 200% yearly returns, allegedly made by investing customers’ funds across stocks, derivatives, debt, and crypto.
Gauvin faces a 21-count indictment in Brooklyn federal court, including conspiracy to commit securities and wire fraud, bank fraud, identity…
