New York Attorney General Letitia James is asking the court to order NovaTech founders Cynthia and Eddy Petion to pay $1.3 billion in damages and disgorgement, following an August 2025 default judgment. The supplied report gives the requested total as $1.37 billion, comprising $1.13 billion in disgorgement and $232.5 million in prejudgment interest. New York Attorney General’s October 22, 2026 release

New York Attorney General Letitia James is asking the court to order NovaTech founders Cynthia and Eddy Petion to pay $1.3 billion in damages and disgorgement, following an August 2025 default judgment. The supplied report gives the requested total as $1.37 billion, comprising $1.13 billion in disgorgement and $232.5 million in prejudgment interest. New York Attorney General’s October 22, 2026 release

The AG alleges that from August 2019 through April 2023 investors deposited over $1 billion in cryptocurrency, while less than $26 million was traded. The supplied report specifies $1.16 billion deposited, $25.99 million traded, and an $18.19 million trading loss. It also says at least $134.5 million reached the founders’ wallets; the AG release available here does not give that payment figure or detail its calculation.

The AG says the Petions advertised trading profits of approximately 2% to 4% per week, offered recruitment bonuses, and promised withdrawals of funds and profits at any time. The supplied report alleges earlier investors were paid with new deposits. The AG release says tens of thousands could not withdraw cryptocurrency when NovaTech collapsed in May 2023. The four promoters settled separately, agreeing to disgorgement payments totaling nearly $6 million and permanent bans from the securities, commodities, and cryptocurrency industries.

The available sources do not identify the specific founder wallet addresses or independently detail the $18.19 million loss and $134.5 million payment figures.