NovaTech FX @ BehindMLM

NYAG sues NovaTech FX, AWS Mining & the Petions

New York Attorney General Letitia James has sued NovaTech FX, AWS Mining and Eddie and Cynthia Petion for fraud. Through NovaTech FX and AWS Mining, the NYAG alleges the Petions “defrauded thousands of investors worldwide out of over a billion dollars”.

NovaTech FX promoter securities fraud C&D from Ohio

A NovaTech FX Ponzi promoter has received a securities fraud cease and desist from Ohio. Steven Douglas Alexander, of Cincinnati, is cited as a Respondent in the Ohio Division of Securities March 22nd order.

GSPartners & NovaTech FX “crypto scam” warning from MA

GSPartners and NovaTech FX have been classified as “cryptocurrency scams” by the Massachusetts Attorney General’s Office. As per a press-release issued earlier this week, GSPartners and NovaTechFX are among a list of scams the MA AG’s Office warns of having ties to criminal activity.

NovaTech FX securities fraud warning from Australia

NovaTech FX has received a securities fraud warning from the Australian Securities and Investments Commission (ASIC).

SEC confirms federal fraud investigation into NovaTech FX

The SEC has confirmed a federal investigation into the NovaTech FX Ponzi scheme. Following non-compliance of investigative subpoenas served on Dap Dunbar and Corrie Sampson, the SEC obtained a court order enforcing compliance.

NovaTech FX $2.3 billion RICO class-action filed in New York

A NovaTech FX investor has filed a RICO class-action in the Southern District of New York.

NovaTech FX & Petions charged with fraud in Washington

NovaTech FX and owners Cynthia and Eddie Petion have been charged with securities fraud in Washington. A cease and desist order and Statement of Charges was filed against NovaTech and the Petions on October 27th.

NovaTech FX a no-show at second OSC Tribunal hearing

NovaTech FX and Cynthia Petion have failed to put in an appearance at a recent regulatory hearing in Canada.

OSC seeks disgorgement & civil penalty from NovaTech FX

The Ontario Securities Commission has filed a Statement of Allegations with Canada’s Capital Markets Tribunal. As per the August 25th filed statement, OSC has requested the CMT certify that NovaTech FX and owner CEO Cynthia Petion committed securities fraud in Ontario; issue a permanent injunction against NovaTech FX prohibiting further acts of securities fraud; reprimand [Continue reading…]

NovaTech FX’s exit-scam complete, payouts disabled

The reality of an announcement issued by NovaTech FX last week has been clarified over the weekend. As of May 11th, NovaTech FX has ceased paying out weekly returns and recruitment commissions.