NovaTech FX investor claims FBI audited and approved Ponzi
NovaTech FX investors are claiming the FBI audited and approved the suspected Ponzi scheme.
CEO Cynthia Petion has endorsed the claim, affirming she personally received a copy of the “seven hundred page” audit.
The NovaTech FX FBI audit claim was made on a September 22nd “Compounding for Wealth” webinar.
The webinar was hosted by NovaTech FX investor Heather “goldengurl” Bilange.
For context on the NovaTech FX FBI audit claim, we’ll begin with Keith Walden.
As the last Q&A speaker on the webinar, Walden claimed he and others joined NovaTech FX after another Ponzi scheme they were in collapsed.
[44:55] We’re all relatively new to the NovaTech family. We’re very excited to be here.
We came from a platform where a number of our members were doing well but they went through some challenges.
The “platform” Walden is referring to is the collapsed HyperFund and Hyperverse Ponzi schemes.
It was a crypto winter and we were like, “What are we gonna do? How can we help our teams?”
And when we started doing our due-diligence with the Satoshi Show several months ago, and they came up and said, “Listen guys, I think this is it.”
We just took it on faith. We just jumped in and we didn’t look back.
The Satoshi Show is run by serial Ponzi promoters Troy Rejda and David Chandler.
Chandler and Rejda promote NovaTech FX through “TSS Golden Team”.
That was a bit of a detour but, as stated, provides context for what Heather Bilange said next.
[44:53] You know Cynthia, that’s the group that had an FBI investigator do a seven hundred page report. Remember I sent that to you?
Cynthia runs NovaTech FX with husband Eddy Petion.
[46:02] Cynthia: Yeah I wasn’t gonna read that.
I thought (unintelligible) report when you sent it to me, “Hey … we’re not a scam!”
Bilange: And the bottom line of that whole story is, after seven hundred pages … the (FBI) investigator said, “This is a good company to move forward with”.
So um, where is this report then?
[46:21] Cynthia: We’re gonna have to stop saying that because now everybody’s gonna ask for that report. I don’t have it.
Don’t come looking for the report. I burned it after I read the final, the bottom line.
I was like, “Well thank you for telling me what I already know.”
Ah, of course.
NovaTech FX solicits investment in cryptocurrency on the promise of a weekly passive return. An attached MLM compensation plan financially incentivizes investor recruitment.
That the FBI is hirable for an audit is comical in and of itself. That the FBI would rubber-stamp a Ponzi scheme committing securities, commodities and wire fraud is *chef’s kiss*.
To date Russia is the only country to have publicly taken action against NovaTech FX.
NovaTech is run from the US by Cynthia and Eddy Petion, who are believed to primarily reside in Florida.
All but one of the the NovaTech leaders on the September 22nd TSS Golden Team webinar are from the US and Canada:
- Troy Rejda – Sr Executive – USA
- David Chandler – SrExecutive – USA
- Marcus Davis – Sr Executive – USA
- Donzel Cleare – Sr Executive – USA
- Erick Brown – Executive – USA
- Bob Bearden – Director – USA
- Dr Zizi – 2 Star Ambassador – USA
- Olivier Luhaze – 1 Star Ambassador – Canada
- Rachel Hanley – Sr Executive – Canada
- Devey Dejong – Director – Canada
- Mark Marshall – Jr Director – Canada
- Eugene Kreyman – JrDirector – Australia
As of September 2022, SimilarWeb ranks top sources of traffic to NovaTech FX’s website as the US (68%), the Bahamas (8%), South Africa (7%) and Canada (4%).
As victims from Hyperverse and other collapsed MLM Ponzi schemes are funneled into it, NovaTech FX’s website traffic has grown to 2.2 million visits for September.
Despite offering a weekly passive return to primarily US residents, purportedly generated via forex trading, neither NovaTech FX, Cynthia and Eddy Petion, or any of the above named promoters are registered with the SEC or CFTC.
Agent Trustmebro of the North Pole branch of the FBI.
That’s him. Works for the “been around for 3 years so it can’t be a Ponzi!” division.
Same guy that audited Santa and Tinkerbell
Didn’t he get sent to the North Pole because of Tax Fraud?
Nah he got desk duty’d because pOoR pEoPlE wErE mAkInG mOnEy!
Sounds super trustworthy.
They claimed to have a $600 million liquidity pool a few months ago. If so, this’s approaching OneCoin ponzi levels.
If they don’t pull the plug within a couple years, this’ll end up being catastrophic for “investors” (participators). We might see a new record for the biggest ponzi scheme in history.
According to their videos, there’s people that depend on Novatech for their retirement. I wonder if the Petions are afraid of being hunted down by those people when they rugpull.
I’d imagine it’d be much harder to avoid their victims since their residence is known. I’m sure they have an escape plan in place like Ignatova.
“I burned it” has got to be the funniest reasoning for not having proof of a lie that a ponzi owner has ever made.
Dunno hey.
“Swear to jesus” was pretty up there.
Haha true. It’s just that from a storytelling perspective, if this was true you know it would have been announced and implemented into their presentation within minutes.
It’s like someone winning the lottery and then saying “I burned the ticket because I already saw the numbers on TV last night.”
Knock knock SEC, hurry up already.
I just can’t stop laughing about this. You got people questioning your ligitimacy. You got this 700 page FBI report confirming your ligitimacy. Rather than saving it and share it to gain trust, you burned it? Not threw away. Not shredded but burned. And all this investigation was done without contacting you because the FBI is so powerful that they don’t need to conduct any interviews or ask for any financial reports or trading activity? They can just find out.
It was sure nice of the FBI to offer their services to review a company and write up a 700-page report for free. And Cynthia’s response? Burn, baby, burn!
That’s gratitude for ya.
I hope Cynthia got a burn permit, because that much paper gonna make a lot of smoke.
As if there was just one copy and it doesn’t exist in digital form either.
While they used to be front-facing on the website, NovaTech has now hidden both the ‘Cancellation Policy’ and ‘Performance’ (which lists the weekly return percentages) pages behind the members area.
Maybe an ominous reason for why they decided to do this after 3+ years of those pages being public?
Boggles my mind. I know some of the “leaders” on that list. They are seemingly intelligent people but the fact is that they knew – deep in their heart – that it would collapse one day.
They have an amazing capacity for self deception and they qualify as psychopaths because they have no conscience.