Taipei Exchange - Delayed Quote TWD

Nova Technology Corporation (6613.TWO)

169.50

+1.50

+(0.89%)

At close: 1:30:18 PM GMT+8

SEC charges NovaTech in connection with $650m crypto ‘pyramid scheme’

Cynthia Petion, one of NovaTech's co-founders, allegedly referred to the cryptocurrency company as “God’s vision” and called herself "Reverend CEO”.

Verdict 8 months ago

GLDAF

6613.TWO
+0.89%
SEC charges crypto firm NovaTech with fraud

The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme -- one that lured investors by claiming to invest in profitable crypto and foreign exchange markets. In truth, NovaTech reserved only a fraction of investor

TechCrunch 8 months ago

6613.TWO
+0.89%
SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws.

CoinDesk 8 months ago

6613.TWO
+0.89%
US SEC sues over alleged $650 million global crypto fraud

The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion allegedly promised investors their money would be safe, with Cynthia Petion assuring they would be "in profit from day one." The SEC said the Petions instead used new money mainly to repay earlier investors and pay commissions to promoters, while siphoning millions of dollars for themselves.

Reuters 8 months ago

6613.TWO
+0.89%
NYAG Sues 2 Crypto Pyramid Schemes, Promoters Targeting Haitian-Americans in $1B Scam

New York Attorney General Letitia James has filed suit against two purported crypto companies and their top promoters, a married couple, for allegedly operating two consecutive pyramid schemes that predominantly targeted Haitian immigrants to the U.S.

CoinDesk 11 months ago

6613.TWO
+0.89%

Performance Overview

Return	6613.TWO	TSEC CAPITALIZATION WEIGHTED ST (^TWII)
YTD	-4.70%	-5.17%
1-Year	-13.22%	+2.53%
3-Year	+162.55%	+37.37%

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Nova Technology Corporation (6613.TWO)

SEC charges NovaTech in connection with $650m crypto ‘pyramid scheme’

SEC charges crypto firm NovaTech with fraud

SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

US SEC sues over alleged $650 million global crypto fraud

NYAG Sues 2 Crypto Pyramid Schemes, Promoters Targeting Haitian-Americans in $1B Scam

Performance Overview