NY Attorney General Cracks Down on Crypto Pyramid Schemes Targeting Haitian-Americans

Thursday, 6 June 2024, 20:37
The NY Attorney General has initiated legal action against two cryptocurrency pyramid schemes that specifically targeted the Haitian-American community. The schemes, involving NovaTech and its founders Cynthia and Eddy Petion, are accused of perpetrating a $1 billion scam by exploiting Creole-speaking individuals with false promises of financial freedom. The lawsuit sheds light on the deceptive tactics used by the promoters to lure victims into the fraudulent schemes, posing a significant threat to unsuspecting investors.
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NY Attorney General Cracks Down on Crypto Pyramid Schemes Targeting Haitian-Americans

NY Attorney General Exposes Crypto Scams Targeting Haitian-Americans

The legal action taken by the NY Attorney General exposes the fraudulent activities of two cryptocurrency pyramid schemes aimed at the Haitian-American community.

Deceptive Practices

  • NovaTech founders Cynthia and Eddy Petion allegedly targeted Creole-speaking church-goers with promises of financial freedom.

The schemes were advertised as a means to escape a situation described as 'freedom from the plantation,' ultimately deceiving victims with false hopes.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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