SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws. source: https://www.coindesk.com/policy/2024/08/12/sec-files-fraud-charges-against-promoters-of-novatech-alleged-650m-crypto-pyramid-scheme/?utm_medium=referral&utm_source=rss&utm_campaign=headlines