New York AG seeks $1.37B from NovaTech founders over Ponzi scheme
Summary
The New York Attorney General is demanding over one billion dollars from the creators of NovaTech in connection with a fraudulent investment scheme. Additionally, authorities revealed that four promoters have agreed to financial settlements totaling nearly six million dollars following a previous court judgment.
The request follows an August 2025 default judgment, with the AG also announcing nearly $6 million in settlements with four promoters.
Source: Read the full story at Cointelegraph.com News
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