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New York Attorney General Demands $1.37B from NovaTech Founders in Alleged Ponzi Scheme

New York Attorney General Demands $1.37B from NovaTech Founders in Alleged Ponzi Scheme

New York AG seeks $1.37B from NovaTech founders over Ponzi scheme
New York AG seeks $1.37B from NovaTech founders over Ponzi scheme

The request follows an August 2025 default judgment, with the AG also announcing nearly $6 million in settlements with four promoters.

New York AG Wants $1.37B From NovaTech Founders in Ponzi Case
New York AG Wants $1.37B From NovaTech Founders in Ponzi Case

New York Attorney General Letitia James has asked a court to compel the founders of the defunct crypto and forex trading platform NovaTech—Cynthia and Eddy Petion—and related entities to pay $1.37...

NY AG Pursues $1.37B From NovaTech Founders Over Alleged Ponzi
NY AG Pursues $1.37B From NovaTech Founders Over Alleged Ponzi

New York Attorney General Letitia James has moved to recover more than $1.3 billion connected to the NovaTech crypto and forex trading scheme, asking a court to require NovaTech’s founders,...

New York seeks $1.37B from NovaTech’s founders as $6M recovery frustrates victims
New York seeks $1.37B from NovaTech’s founders as $6M recovery frustrates victims

NovaTech founders Cynthia and Eddy Petion could be on the hook for nearly $1.37 billion after Attorney General Letitia James asked a New York court to target the couple almost four years after...

NovaTech Founders Face $1.37B Demand From NY AG in Alleged Crypto Pyramid Scheme
NovaTech Founders Face $1.37B Demand From NY AG in Alleged Crypto Pyramid Scheme

New York AG Letitia James seeks $1.37 billion from NovaTech founders in an alleged crypto pyramid scheme that targeted immigrant communities.

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