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SEC Charges NovaTech Promoters in $650 Million Cryptocurrency Ponzi Scheme

SEC Charges NovaTech Promoters in $650 Million Cryptocurrency Ponzi Scheme

Bitget2024/08/17 13:27

The U.S. Securities and Exchange Commission (SEC) has filed charges against NovaTech Ltd. and its principals, Cynthia and Eddy Petion, for organizing a cryptocurrency scam that defrauded more than 200,000 investors around the world, including many Haitian-Americans. The SEC's complaint details that under the leadership of the petition, NovaTech was promoted as a multi-level marketing (MLM) and crypto-asset investment scheme.

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