New York Attorney General Letitia James has asked a state court to order crypto investment company NovaTech, founders Cynthia and Eddy Petion and related companies to pay $1,367,023,585, including interest, for their roles in a fraud that drew in more than 11,000 New Yorkers.
The demand came in an affirmation filed in New York v. Nova Tech Ltd et al. on Oct. 22, 2026. It follows an Aug. 4, 2025 default order that found the defendants liable for fraud and ordered investor damages and disgorgement, the surrender of money obtained through the scheme. The court left the amounts to be set through written submissions, which is what the new filing supplies.
The $1.37 billion total starts from roughly $1.161 billion in identified investor cryptocurrency deposits. The filing deducts about $26 million sent to the trading platform, putting the disgorgement principal at $1,134,549,691, before $232,473,894 in interest.
The Attorney General’s office says at least 11,000 people in New York put savings into NovaTech and the linked AWS Mining operation and lost tens of millions of dollars doing it. The office says the fraud spread inside immigrant and church communities, with Haitian New Yorkers the main group reached, recruited through prayer groups and messaging apps.
Alongside the filing, James announced nearly $6 million in settlement obligations from four promoters, Frantz Ciceron, James Corbett, Ricardo Roy Sr. and Martin Zizi, for victims’ benefit. Ciceron’s stipulation and consent sets his total obligation at $2 million: $1.35 million in monetary relief plus the transfer of his and his companies’ rights to distributions from the separate EminiFX receivership. In cash, he owes $850,000 within 30 days of the agreement taking effect, then four yearly payments of $125,000, each due on Dec. 31 and running through 2029. Ciceron and Kings Multi Services Agency LLC did not admit or contest the complaint’s claims.
The filing does not establish that the $1.37 billion has been awarded or collected. The documents name no date for any victim payout, and the filing says most deposit usernames cannot reliably be matched to people without the court-ordered accounting the defendants failed to provide. The case remains before a New York state court. Recovery questions of this kind also hang over other large crypto cases, including claims to $5 billion in seized Bitcoin before a UK court.
