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New York Attorney General Seeks $1.37 Billion From NovaTech Founders Over Ponzi Scheme

New York Attorney General Letitia James asked a court to order NovaTech founders Cynthia and Eddy Petion and related companies to return $1.13 billion in investor funds and pay $232.5 million in interest. Four promoters separately agreed to nearly $6 million in settlements for victims.