NovaTech FX @ BehindMLM

Details of how the SEC intends to handle victim restitution have been revealed in Jean Martin Zizi’s NovaTech FX settlement.

The SEC has filed suit against NovaTech FX’s founders and several top promoters. As per the federal regulator’s August 12th filed lawsuit, Cynthia and Eddie Petion ran a $650 million plus Ponzi scheme. In addition to NovaTech FX’s Petion co-founders, the SEC has also sued promoters Martin Zizi, Dapilini Dunbar, James Corbett, Corrie Sampson, John [Continue reading…]

The Capital Markets Tribunal has ruled NovaTech FX committed securities fraud in Ontario. Following analysis of evidence submitted by the Ontario Securities Commission (OSC), CMT published its findings on July 22nd, 2024.

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”.

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

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.

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

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.