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- 21:20Texas man operating cryptocurrency "Ponzi scheme" denied bankruptcy discharge for $12.5 million debtJinse Finance reported that the U.S. Bankruptcy Court for the Southern District of Texas recently rejected the bankruptcy exemption request of local resident Nathan Fuller, requiring him to bear the full responsibility for his debt of over $12.5 million and any future creditor claims. Fuller previously operated the cryptocurrency investment company Privvy Investments LLC, allegedly running a Ponzi scheme to attract funds, using investors' money to purchase luxury goods, pay for gambling trips, and even buy nearly $1 million in real estate for his ex-wife. In October 2024, after being sued by investors, Fuller filed for Chapter 7 bankruptcy protection in an attempt to discharge his debts. The United States Trustee Program (USTP) investigation found that Fuller concealed assets, forged documents, made false statements during the bankruptcy case, and was held in civil contempt for refusing to comply with court orders. He later admitted to operating a Ponzi scheme and interfering with the bankruptcy process. As Fuller did not respond to the USTP's allegations, the court issued a default judgment in August this year and has now officially denied his debt exemption request.
- 21:05Solomon: The Federal Reserve's policy rate will see slight changes in the fallChainCatcher news, according to Golden Ten Data, Goldman Sachs CEO Solomon stated that after entering the fall, we will see slight changes in the Federal Reserve's policy interest rates.
- 21:05Goldman Sachs CEO Solomon: Expects the Federal Reserve to cut interest rates by 25 basis points in SeptemberChainCatcher news, according to Golden Ten Data, Goldman Sachs CEO Solomon stated that he expects the Federal Reserve to cut interest rates by 25 basis points in September, and may cut rates once or twice more afterwards.