POPA ReconNew York AG Seeks $1.37B From NovaTech Founders Over Alleged Crypto Ponzi Scheme
New York AG Seeks $1.37B From NovaTech Founders Over Alleged Crypto Ponzi Scheme New York AG seeks $1.37 billion from NovaTech founders Cynthia and Eddy Petion: $1.13 billion in disgorgement plus $232.5 million in prejudgment interest. Court filings show $1.16 billion in crypto deposits (2019–2023); just $25.99 million went to trading, losing $18.19 million, while at least $134.5 million reached founders’ wallets. Prosecutors allege NovaTech promised 2%–4% weekly returns, paying investors with new deposits. The founders reportedly fled the U.S. after an August 2025 default judgment. Four pro…
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