#NovatechFX #AWS #Mining #fraud #billion
The New York Attorney General's Office filed a lawsuit against NovaTechFx and AWS Mining Ptu Ltd, as well as against their founders Cynthia and Eddie Petion. The authorities accuse the crypto-platforms of organizing illegal financial schemes that led to the deception of more than 11,000 New York residents and losses exceeding $1 billion. The statement released by the prosecutor said that the main target of NovaTech and AWS Mining was the immigrant communities living in New York. They were contacted through houses of worship, social networks and WhatsApp, promising high returns on investments. Initially, AWS Mining worked with clients, promising profits from Bitcoin mining. In 2019, she went bankrupt. After this, the Petions spouses founded the NovaTech company, which continued to attract new investors with promises of high profits. Based on the results of the investigation, it turned out that from 2019 to 2023, clients of NovaTech and AWS Mining gave more than $1 billion to scammers, of which only $26 million was used for its intended purpose. NovaTech collapsed in May 2023, and tens of thousands of its customers never received their money.
