New York State Seeks to Recover $1.37 Billion from NovaTech Founders
Start here
AI-assisted source synthesis · not an independent investigation.
On October 23, 2026, New York State Attorney General Letitia James asked the court to seek nearly $1.37 billion from NovaTech founders Cynthia Petion and Eddy Petion. The amount includes $1.13 billion in illicit proceeds and $232.5 million in prejudgment interest. Reports indicate that more than 11,000 New York residents suffered losses in NovaTech investments, while authorities have recovered only $5.98 million to date.
AI-written from reports · updated 59 minutes ago
Timeline
Follow the reporting to see the different sides of the story.
- CryptopolitanNew York State seeks to recover $1.37 billion from NovaTech founders; victims have recovered only $5.98 million so far
New York Attorney General Letitia James has asked a court to recover nearly $1.37 billion from NovaTech founders Cynthia and Eddy Petion, but authorities have recovered only $5.98 million so far. The amount sought includes $1.13 billion in ill-gotten gains and $232.5 million in prejudgment interest; more than 11,000 New York residents suffered losses in their NovaTech investments.
Heat over time
Not enough consecutive observations yet to draw a trend.