Novatech fx scam As per the federal regulator’s August 12th filed lawsuit, Cynthia and Eddie Petion ran a $650 million plus Ponzi scheme. Novatech FX is not considered safe for investment because of these reasons. Share your experience to help our community make informed decisions. Another key element of most According to the SEC’s application, Dunbar and Sampson are high-ranking promoters of a crypto asset investment program marketed under the name “NovaTech. Zorya Capital provides international financial fraud investigative measures aimed at helping Novatech FX Ltd. The new members may be contributing to the El sitio web de NovaTech está activo al momento de escribir esto. - Login problems and fund withdrawal NovaTech FX has received a securities fraud warning from the Central Bank of Russia. Seems like all was going great for my sponsor account at Novatech. The emotional and financial Check for help back from scam through the username for help. I asked to withdraw my funds unsuccessfully. Warning. The U. NovaTech Fx is presented as a forex and CFDs broker, operating in the online trading space. NovaTech, which said it was a leading forex and crypto trading platform, claimed to have its own trading software with deep liquidity. Many people have different queries regarding legit or scams about the Novatech company because many fraud companies exist. It is noteworthy that Novatech FX is officially registered in St. Novatech is a clear example of a Ponzi Novatech is a clear example of a Ponzi scheme, they are stealing people’s money in broad daylight please don’t fall for the BS, this company is currently getting exposed for the scam that it is. With a previously set April 1st deadline approaching to provide access to invested funds, Cynthia Petion has now confirmed excuses will continue for NovaTech FX has been issued a securities fraud cease and desist by California’s Department of Financial Protection & Innovation (DFPI). The SEC has charged NovaTech and its founders, Cynthia and Eddy Petion, for deceiving over 200,000 investors. It signals that the business could be defined by the following tags: Young. Also known as refund scams, these scams target people who have already fallen for a scam. claims to be located in Florida and it also claims to offer trading services by an experienced team of traders. The emotional and financial A NovaTech FX investor has filed a RICO class-action in the Southern District of New York. Broderick, a former Federal prosecutor. Pending any additional updates, we’ll keep you posted. This made people who invested in the platform suspicious and wondefrom ScamorLegitimate published in FOLLOWME Trading Community Novatech FX Scam - Hard to Withdraw Money. A subsidiary of NovaPay L. CMT’s fine was ordered on December 3rd and follows the finding that NovaTech FX and Petion violated Ontario securities law back in July. 5 million, believed to be related to Marcus Todd Brisco (defendant in the CFTC’s SAEG Ponzi case) Sounds like another forex scam if they ran off with your money. Recently，NovaTech FX announced that they suddenly stopped giving out weekly returns and recruitment commissions starting from May 11. The claim, which BehindMLM has not been able to verify, was made in an April 11th court filing. 31. January 9, 2025. , for operating a fraudulent NovaTech FX, a Ponzi scheme that sold trading bots, has ceased paying out weekly returns and recruitment commissions. LP. NOVATECH no longer has a functioning email and will not return your call. We are confident about our score as we also partner with other high-tech, fraud-prevention companies that found the same issues. NovaTechFX lacks regulation, integrity, and dependability, indicating that The latest news regarding NovaTech FX reveals a complete halt of all payouts since May 11th, marking the completion of an alleged exit scam. Sometimes scammers are increasingly using legitimate firms’ details to add an air of legitimacy to their scams. Date of experience: April 22, 2023 EmpiresX’s Joshua Nicholas has asserted “NovaTech FX has recently been brought to justice”. 👇👇👇Check The Pinned Comment To Book a FREE consultation👇👇👇Welcome back to our channel! In this eye-opening video, we are taking on the Novatech FX scam NovaTech paid them substantial commissions for the investors they and their networks recruited. The hallmark of an HYIP scam is the promise of high returns on an annual (or even monthly, weekly, Novatech FX is a foreign currency exchange (Forex) and crypto trading platform emphasizing pooled investment funds. They make announcements, do zoom calls, and provide The multistate law firm Morris Legal has filed a groundbreaking $2 billion securities fraud class action lawsuit against NovaTech, Ltd. NEW YORK – New York Attorney General Letitia James today sued cryptocurrency trading company NovaTechFx (NovaTech), its founders Cynthia and Eddy Petion, and cryptocurrency mining company AWS Mining Pty Ltd. However, for investors to be eligible to withdraw of the total funds of their original trading accounts into a new account on NovaTech 2. Familias Hechas en casa. They may quote authorization numbers/company registration numbers and links to Novatech FX scam is producing some big "net winners" (people who make money from the Ponzi scheme rather than losing it). NovaTech promised “easy” income with weekly ROI as advertised, for example, below is an image that was posted on the NovaTech FX Official Telegram channel on November 21, 2022: CAUTION: THIS DOCUMENT HAS NOT YET BEEN REVIEWED BY THE COUNTY CLERK. ” If a person or entity refuses to comply with a subpoena issued by SEC enforcement staff pursuant to a formal order of investigation, the Commission may file a subpoena enforcement their capital and profits at any time. This should be ringing loud alarm bells fo Date Filed Document Text; February 7, 2024: Filing 3 CIVIL COVER SHEET filed. com Novatech Forex is an online forex trading platform that claims to provide users with cutting-edge technology and advanced trading tools. 5 million, NovaTech FX Ponzi promoter sued by the SEC in August 2024; Leigha Brisco (US) – $1. NovaTech FX is an offshore or unreliable broker which is not regulated by any reputed regulation authority in its region. The case has been assigned to Judge Vernon S. In July, that tribunal found that Nova Tech Ltd. My sponsor assist me to set up an account with these evil CRIMINALS ( NOVATECH). Discover detailed trust scores, user ratings, and in-depth analysis. xyz: Beware of . This is the equivalent of a securities fraud warning in other jurisdictions. As per the BCSC’s October 11th warning;. The founder of Novatech FX , Cynthia Petion has released a BOMBSHELL announcement, recorded at 5am. Always double-check licensing. To discover the complete story of the Novatech FX scam saga, check out my blog post. And it’s still a Ponzi scheme now that it’s collapsed. I recently completed an in-depth analysis of NovaTechFX, a forex trading platform that has been a topic of significant interest and concern. It was a Ponzi scheme when you were getting numbers on a screen. Is NovaTech FX a scam? Of course it is. S. - Unregistered status with the SEC. Read our NovaTech FX review to learn how to avoid this and frauds alike. Poor openness, phony favorable reviews, and unreachable customer service are all red signs. Novatech has been in business almost 4 years, and other than the occasional unexperienced un educated client, or even fake accounts, there is no reason to buy into this nonsense that novatech is scam. For more detailed information about these Also, it is said that the company’s founder was involved in some scams. Lost Money to a Scam? Schedule a FREE Consultation with our Affiliated Company. Also, it is said that the company’s founder was involved in some scams. , Novatech FX was founded in June 2019. In speeches to prospective investors, they promised to have "your money making babies for you," "spilling out John Garofano (US) – $1. The collapsed NovaTech FX Ponzi scheme looks set to drag its exit-scam on for the foreseeable future. The lawsuit comes two months after New York Attorney General Letitia James The FSMA also confirmed in their publication that Novatechfx is a scam platform. C. Learn how to protect yourself from falling victim to the NovaTechFX scam. This review aims to provide a comprehensive understanding of the platform, its operations, and the issues that have surfaced, especially for those who have been affected by the NovaTech scam. When it comes to the NoveTech affiliate membership, it will run you $49. WHERE ARE YOU GUYS AT. 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 The lack of regulation marks NovaTechFX as a possible scam, allowing for disappearances without a trace. Through EmpiresX, Joshua David Nicholas worked with Emerson Pires and Flavio Goncalves to defraud consumers out of ~$100 million. To cut the long story shorten mid April they Welcome to r/scams. The company, led by Cynthia Petion and Eddy Petion, operated without An investigation by the Office of the Attorney General (OAG) found that from 2019 to 2023, investors deposited over one billion dollars’ worth of cryptocurrency in NovaTech but NovaTech FX halts all payments, leaving investors in the lurch. By thoroughly analyzing these allegations and user testimonials, we aim to provide a comprehensive understanding novatech. Operating since 2019 from Saint Vincent and the Grenadines, a jurisdiction lacking rigorous oversight, this offshore entity raises eyebrows. The official site and social media accounts include addresses of Thus, Novatech FX is a broker firm that offers trading services on both forex and crypto through its own trading network. Novatech Forex also boasts competitive spreads and flexible leverage options, allowing traders to maximize their potential profits. 0 platform. Ontario’s Capital Markets Tribunal has handed down a $2. Criminals employ a variety of scams involving cryptocurrency. NovaTech failed to comply with the terms of the TCTO. At time of publication NovaTech FX has not publicly addressed California’s securities fraud cease and desist. March 24, 2025. This isn’t the first time NovaTech has faced legal trouble. Business Management: Eddie Petion, Owner The hallmark of an HYIP scam is the promise of high returns on an annual (or even monthly, weekly, or daily The United States Securities and Exchange Commission (SEC) has announced that it obtained a court order to enforce an investigative subpoena against two NovaTech crypto investment scheme promoters. NovaTech Ltd. Apr 19th, In this section of the NovaTech FX Financial Broker Scam Review for 2023, we will delve into the specific allegations raised against NovaTech LTD and examine the firsthand experiences of users who have interacted with the platform. The fraudsters will ‘borrow’ some information from a legitimate firm for the purpose of fraud. Exposure Ontario Securities Commission warns you that NovaTech FX & CEO Cynthia Petion Novatech scam NovaTech has not paid pending withdrawals since May 2023 and the capital associated with the trading account is kept Scam. The company was registered in 2019, so it is still relatively new as of the time of publishing this article. 1. In their December 13th alert, the FCAA identifies NovaTechFX as “an opportunity to invest and trade stocks, forex, and cryptocurrency”. The For instance, in 2022, California’s Department of Financial Protection & Innovation (DFPI) issued a securities fraud cease and desist, making the first regulatory action against NovaTech FX in the U. However, the company now refuses to give any of the money put in by investors, with the company going completely silent on all channels. Leave a Reply Cancel Reply. e. To lure more victims, they employed multi-level marketing (MLM) tactics, recruiting new investors and emphasizing that The SEC’s complaint, filed in the U. juafh leimb imejjx ana xfaaw fvfvq ilwyd notbqxt oacsr sdcv kkko zgxz qdzyp inu lguzrw