{"id":674880,"date":"2026-10-23T12:53:01","date_gmt":"2026-10-23T12:53:01","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/10\/23\/new-york-ag-seeks-1-37b-from-novatech-founders-over-ponzi-scheme\/"},"modified":"2026-10-23T12:53:01","modified_gmt":"2026-10-23T12:53:01","slug":"new-york-ag-seeks-1-37b-from-novatech-founders-over-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/10\/23\/new-york-ag-seeks-1-37b-from-novatech-founders-over-ponzi-scheme\/","title":{"rendered":"New York AG seeks $1.37B from NovaTech founders over Ponzi scheme"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/2026\/10\/01M5M9W5Y4WRYGA8MNYB0WFHZF\/hi-status-of-prediction-market-battle-3.jpg\" alt=\"New York AG seeks $1.37B from NovaTech founders over Ponzi scheme\" class=\"type:primaryImage\" \/><\/p>\n<p>The request follows an August 2025 default judgment, with the AG also announcing nearly $6 million in settlements with four promoters.<\/p>\n<p>New York Attorney General Letitia James has asked a court to order defunct crypto and forex trading platform NovaTech\u2019s founders, Cynthia and Eddy Petion, and related companies to pay $1.37 billion over its Ponzi scheme.<\/p>\n<p>The AG is seeking the return of about $1.13 billion in investor funds, plus $232.5 million in interest, according to a Thursday court <a href=\"https:\/\/ag.ny.gov\/sites\/default\/files\/settlements-agreements\/new-york-v-nova-tech-ltd-et-al-affirmation-2026.pdf\" rel=\"noopener noreferrer\" target=\"_blank\">filing<\/a>.<\/p>\n<p>The court found the Petions and the companies liable by default in August 2025 after they failed to respond to the lawsuit.<\/p>\n<p><a href=\"https:\/\/cointelegraph.com\/news\/new-york-ag-novatech-founders-companies-crypto-ponzi\">Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The request follows an August 2025 default judgment, with the AG also announcing nearly $6 million in settlements with four promoters. New York Attorney General Letitia James has asked a court to order defunct crypto and forex trading platform NovaTech\u2019s founders, Cynthia and Eddy Petion, and related companies to pay $1.37 billion over its Ponzi [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":674881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-674880","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/674880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=674880"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/674880\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/674881"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=674880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=674880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=674880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}