# New York AG seeks $1.37B from NovaTech founders over Ponzi scheme

- Source: Cointelegraph
- Published: 2026-10-23T12:33:37+00:00
- Category: Markets
- Original: https://cointelegraph.com/news/new-york-ag-novatech-founders-companies-crypto-ponzi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
- Canonical: https://groundlevelnews.com/story/new-york-ag-seeks-1-37b-from-novatech-founders-over-ponzi-scheme-6a5935/

The request follows an August 2025 default judgment, with the AG also announcing nearly $6 million in settlements with four promoters.

_Ground Level News shows a short summary only; the full article and all rights belong to Cointelegraph._