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New York AG seeks $1.37B from NovaTech founders over Ponzi scheme

Cointelegraph·October 23, 2026·1 min read
New York AG seeks $1.37B from NovaTech founders over Ponzi scheme

New York AG is seeking $1.37 billion from NovaTech founders over an alleged Ponzi scheme, following an August 2025 default judgment. The AG also announced nearly $6 million in settlements with four promoters, adding to the state's crackdown on the fraudulent operation.

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