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 SEC’s complaint is alleging that NovaTech and the Petions violated ... Without admitting or denying the charges against ...

Cynthia Petion assured investors that "you are in profit from day one." Instead, the SEC further alleged, NovaTech used the bulk of investor funds primarily to repay earlier investors and pay ...

"SEC charges NovaTech in connection with $650m crypto ‘pyramid scheme’" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been ...

According to the SEC’s complaint, Novatech raised more than $650 million from over 200,000 investors worldwide in an apparent Ponzi scheme. More specifically, the SEC alleged that the Novatech ...

The SEC’s complaint is alleging that NovaTech and the Petions violated the anti-fraud ... Without admitting or denying the charges against him, Zizi agreed to pay a $100,000 civil penalty and to be ...