Summary
- The U.S. Department of Justice has charged virtual asset fund manager Nathan Gauvin with 21 counts, including fraud involving US$42 million.
- Gauvin claimed to have achieved annual returns of 200% by investing in stocks, derivatives, bonds, virtual assets, but these claims were revealed to be false.
- It was confirmed that many investors were harmed by Gauvin's deceptive acts, and the Department of Justice is conducting additional investigations.
On the 11th (local time), DL News, a media outlet specializing in virtual assets (cryptocurrency), reported that the U.S. Department of Justice charged Canadian-born virtual asset fund manager Nathan Gauvin (Nathan Gauvin) with a total of 21 counts, including fraud involving US$42 million.
According to the outlet, Gauvin claimed to have achieved annual returns of around 200% by investing clients' funds in stocks, derivatives, bonds, virtual assets, and other instruments, but these claims were all revealed to be false.
Gauvin is also accused of misappropriating some investment funds for personal expenses, such as membership fees at a London members-only social club. The Department of Justice says many investors suffered losses due to his deceptive acts and is conducting further investigation.
JH Kim
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