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

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

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Source: Coindesk.com

The U.S. SEC has filed a lawsuit against a crypto pyramid scheme and its operators. The regulator says they stole $650 million from 200,000 investors around the world. NovaTech largely preyed on affinity groups, including Haitian-American churchgoers via WhatsApp groups and promotional events.

The U.S. Securities and Exchange Commission (SEC) filed

Read More https://www.coindesk.com/policy/2024/08/12/sec-files-fraud-charges-against-promoters-of-novatech-alleged-650m-crypto-pyramid-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The post "SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme" appeared first here Coindesk.com.

Source: Coindesk.com

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