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Key Takeaways
Founders: $1.37 billion sought, including $232 million interest
Investors deposited $1.16 billion; $26 million reached trading
Four promoter settlements total about $5.98 million
Corbett’s first installment due April 1, 2027
Attorney General Letitia James announced the settlements and the court request on October 22.
The founders never showed up in court
The request targets Cynthia and Eddy Petion, who ran NovaTech, along with their companies. They never responded to the state’s June 2024 lawsuit, and in August 2025 a judge entered a default judgment finding them liable and barring them from promoting or selling securities, commodities or cryptocurrencies in New York. According to the attorney general, the couple fled the country.
The state’s filing as...
English (US)