New York seeks $1.37 billion from NovaTech following 2025 liability ruling

New York Attorney General Letitia James filed a motion on Oct. 22 seeking $1,367,023,585, including interest, from cryptocurrency investment company NovaTech and its founders Cynthia and Eddy Petion, after a 2025 default ruling found them liable for the NovaTech fraud. Over 11,000 New Yorkers lost tens of millions of dollars in the NovaTech and related AWS Mining scheme, which targeted immigrant and religious communities, particularly Haitian New Yorkers, through prayer groups, social media, and WhatsApp. The filing notes that separate promoter obligations, including Ciceron’s installments through 2029, do not establish specific victim payout dates, and matching deposit usernames to individuals is difficult without court-ordered accounting.