A Cedar Park, Texas man was arrested on charges alleging a multi-year fraud that induced investors to lend money for trading commodities, precious metals and cryptocurrencies through Nilsatis, Inc. Prosecutors say victims were promised high returns while funds were diverted and misused.

Federal authorities arrested a Cedar Park man accused of operating a multi‑year investment fraud through a business identified as Nilsatis, Inc., alleging he solicited funds from investors under the pretense of trading commodities, precious metals and cryptocurrencies. According to the criminal complaint and press release, the defendant promised substantial returns and presented the enterprise as an active trading operation, but prosecutors contend he instead misappropriated investor funds for personal use and to cover earlier obligations. The FBI and U.S. Attorney’s Office in the Western District of Texas allege the scheme relied on misleading account statements, false performance claims, and reassurances designed to retain investor confidence while operations deteriorated. The indictment or charging documents include wire fraud and possibly other financial crime counts; law enforcement has urged anyone who believes they were victimized by the defendant or Nilsatis to contact investigators. The arrest highlights continued criminal enforcement against blended financial schemes that combine traditional commodities and precious metals pitches with cryptocurrency investment promises.