The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing ... SEC charges crypto firm NovaTech with fraud. Kyle Wiggers.

The U.S. SEC has filed a lawsuit against a crypto pyramid scheme and its operators. The regulator says they stole $650 million from 200,000 investors around the world. NovaTech largely preyed on ...

Instead, the SEC further alleged, NovaTech used the bulk of investor funds primarily to repay earlier investors and pay commissions to promoters, while siphoning millions of dollars for themselves.

The US Securities and Exchange Commission (SEC) has claimed that cryptocurrency company NovaTech and its co-founders on Monday (12 August) have fraudulently raised more than $650m from over ...

SEC charges Novatech, company founders, ... According to the SEC’s complaint, Novatech raised more than $650 million from over 200,000 investors worldwide in an apparent Ponzi scheme.

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian ...

SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme The SEC alleges that the scheme raised money from over 200,000 investors worldwide, many of them Haitian ...

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian ...

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the ...

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian ...

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the ...