New York Attorney General Letitia James is asking a court to impose approximately $1.3 billion in damages and disgorgement against victims of two schemes, NovaTech and AWS Mining. The request targets founders Cynthia and Eddy Petion, who did not respond to or appear in the lawsuit filed in June 2024. The court entered a default judgment on August 4, 2025, but no money has yet been recovered for investors. Separately, four promoters have reached settlements totaling nearly $6 million and face permanent bans from the securities, commodities and cryptocurrency industries.
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