[U.S. Charges Canadian Man with Orchestrating $42 Million Crypto Investment Scam and Arrests Him in the UK]
U.S. prosecutors have charged Canadian citizen Nathan Gauvin with orchestrating a fraud scheme exceeding $42 million through the Discord platform, claiming investments in traditional finance and cryptocurrency. Between May 2022 and October 2024, Gauvin allegedly persuaded users to invest in funds under Gray Digital Capital Management Inc., falsely promising returns of up to 4,384%. In reality, he misappropriated the funds for personal expenses and Ponzi payments, while also fabricating documents to obtain $800,000 in credit. Authorities arrested Gauvin in the UK on Wednesday, and the U.S. SEC simultaneously filed securities fraud charges against him.