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Canadian man Nathan Gauvin, using alias "defigray," arrested in England over $42 million investment fraud scheme.
A $42 million investment fraud scheme led by Canadian man Nathan Gauvin, who operated under the alias "defigray," has resulted in his arrest in England and charges from U.S. authorities.
Allegedly running Gray Digital Capital Management as an unregistered firm, Gauvin misled hundreds of investors through online platforms, claiming false assets and expertise.
Meanwhile, Cerity Partners acquired a minority stake in Nasdaq Private Market, gaining exclusive advisory rights for its clients, reflecting growing industry interest in private market access.
In the advisory sector, experts stress the need for RIAs to build digital presence and scalable operations amid rising competition and consolidation.
A new wave of business books also aims to guide advisors through economic uncertainty, fraud prevention, and evolving client needs.
El canadiense Nathan Gauvin, usando el alias "defigray", fue arrestado en Inglaterra por un esquema de fraude de inversión de $42 millones.