NovaTech falsely advertised itself as a registered hedge fund broker licensed to trade crypto in the United States, promising returns of 2% to 4% weekly

From the articleNew York Asks Court for a $1.37 Billion Judgment Against NovaTech's Founders - UnchainedAlso in Crypto Scammers Who Used Prayer Groups to Lure Victims Must Pay $1.3 Billion, Says New York - Decrypt, NY Seeks $1.37 Billion Judgment Against NovaTech Operators, New York wants $1.37 billion from NovaTech founders who fled in 2022 - Cryptopolitan