According to a recent update, the US SEC has charged NovaTech and its leaders over a $650 million crypto scam. The major crackdown on crypto fraud highlights growing regulatory scrutiny in the cryptocurrency market as authorities push to protect investors from fraudulent activities. The charges appear to be a part of a broader effort to bring justice to the victims and clamp down on deceptive practices.
US SEC Targets NovaTech’s Massive Crypto Scam
The recent action of the US SEC marks a significant step in addressing large-scale crypto scams. According to the latest SEC press release, NovaTech, led by Cynthia and Eddy Petion, has orchestrated a deceptive multi-level marketing (MLM) and crypto investment scheme from 2019 to 2023.
In this scheme, they have lured more than 200,000 investors, including many from the Haitian-American community. The firm has made false promises of high returns from crypto and forex trading and investments.
Meanwhile, it appears that instead of investing t
We współpracy z: https://coingape.com/us-sec-cracks-down-on-novatech-over-650m-crypto-scam/
