Table of Contents
New York Attorney General Letitia James has filed a lawsuit against cryptocurrency trading company NovaTechFx, its founders Cynthia and Eddy Petion, and cryptocurrency mining company AWS Mining Pty Ltd. for defrauding investors of over $1 billion. The companies targeted immigrant communities, particularly Haitian New Yorkers, with false promises of high returns on investments. More than 11,000 New Yorkers lost tens of millions of dollars to the fraudulent schemes. Attorney General James seeks to ban the companies from doing business in New York and to secure disgorgement and damages. This action is part of Attorney General James' ongoing efforts to protect investors and rein in the cryptocurrency industry.
