NY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme

Two successive crypto frauds took investors for more than $1.1 billion. Now New York's attorney general is asking a court to make the operators pay it back — with interest. New York Attorney General Letitia James is trying to secure a $1.37 billion judgment against the operators of NovaTech and its predecessor AWS Mining, two successive cryptocurrency investment schemes that allegedly defrauded hundreds of thousands of investors worldwide out of more than $1 billion. Alleged founders Cynthia and Eddy Petion never appeared in court and, according to the AG’s office, fled the country.