🚨SEC Charges Canadian Citizen With Fraud Schemes on Discord

Acclara AI•December 10, 2025

The SEC has charged Nathan Gauvin, a Canadian citizen, with orchestrating fraudulent securities offerings that raised over $18 million. He allegedly used false credentials and performance metrics to deceive investors, misappropriating $6.3 million for personal use.

Audio content: SEC Charges Canadian Citizen With Fraud Schemes on Discord

Download audio

Key Points

•
- 💸 Big Money: Gauvin raised over $18 million from investors.
•
- 🕵️ Double Trouble: He misappropriated $6.3 million for a lavish lifestyle.
•
- 🎭 False Front: Presented himself as managing over $1 billion in assets.
•
- 📉 Fake Returns: Claimed double-digit monthly returns; reality was just 1.4%.
•
- 🏦 Legal Actions: Faces criminal charges and SEC's demand for penalties and bans.

🎬 The Plot Thickens

Nathan Gauvin, a Canadian citizen, is in hot water with the SEC for allegedly pulling off two fraudulent securities schemes. Gauvin’s game was strong – he raised over $18 million from unsuspecting investors by pretending to be a hotshot managing over a billion dollars in assets. Little did they know, his main asset was a knack for deception.

📊 The Numbers Game

From September 2022 to November 2024, Gauvin and his entities, including Blackridge and Gray Digital, convinced investors to pour money into a so-called 'Gray Fund.' He boasted about double-digit monthly returns and a hefty $78 million in assets. The truth? The fund's monthly returns were a measly 1.4%, and the assets were nowhere near the claimed amount.

🎩 The Lavish Lifestyle

Instead of investing the funds, Gauvin allegedly funneled $6.3 million into living the high life. We’re talking custom jewelry, luxury concierge services, real estate, and art. His investors, meanwhile, were left with empty promises and fabricated account statements.

💼 The Legal Fallout

The SEC isn't letting this slide. Gauvin and his entities face charges for violating antifraud provisions and registration violations. The SEC is seeking permanent injunctive relief, civil penalties, and a bar on Gauvin acting as an investment advisor. Plus, the U.S. Attorney’s Office has jumped in with criminal charges.