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New York sues NovaTech over $1 billion crypto pyramid scheme

From financefeeds.com

Cynthia and Eddy Petion targeted minority communities, Haitians in particular, in prayer groups and WhatsApp group chats with advertisements in Creole, and religious messages that appealed to their faith. New York Attorney General Letitia James has sued cryptocurrency trading company NovaTechFx for engaging in illegal pyramid schemes that defrauded hundreds of thousands of investors, including over 11,000 New Yorkers, of over a billion dollars worth of cryptocurrency. NovaTechFx founders Cynthia and Eddy Petion targeted immigrant communities, particularly Haitian New Yorkers, in prayer groups and through social media ... (full story)

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