SEC Sues NovaTech for Alleged $650 Million Fraud
The U.S. Securities and Exchange Commission (SEC) recently took legal action against the cryptocurrency company NovaTech and its married co-founders, Cynthia and Eddy Petion. The lawsuit, filed in Miami federal court, accuses them of fraudulently raising over $650 million from more than 200,000 investors globally, including a significant number of Haitian-Americans.
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