New York AG Seeks $1.37 Billion From NovaTech Founders
Edited by Steinar Vigdel Kolnes, Editor, Oslo
New York’s attorney general is seeking $1.37 billion from NovaTech’s founders following a default judgment in a Ponzi scheme case.
New York’s attorney general has requested $1.37 billion from the founders of NovaTech in connection with a Ponzi scheme case, according to Cointelegraph.
The request comes after a default judgment entered in August 2025. The amount sought is not a newly announced recovery.
The attorney general also announced settlements totaling nearly $6 million with four promoters, separate from the request targeting NovaTech’s founders.
Source: Cointelegraph
