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Home » SEC Sues Couple, Their Company and Its Promoters in $650M Global Crypto Fraud Case
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SEC Sues Couple, Their Company and Its Promoters in $650M Global Crypto Fraud Case

News RoomBy News RoomAugust 12, 20241 Min Read
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The U.S. Securities and Exchange Commission sued a married couple, their company and several of the company’s promoters on Monday for a fraudulent scheme that raised more than $650 million in cryptocurrency from around 200,000 investors worldwide.

The SEC charged Cynthia and Eddy Petion, along with their company, NovaTech Ltd., and a half dozen additional defendants, with various securities violations in Miami federal court.

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