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NY AG Seeks $1.3 Billion from NovaTech Founders
New York Attorney General Letitia James is pursuing $1.3 billion in damages from the founders of NovaTechFx after they left the United States and a court entered a default judgment against them. The case targets a crypto fraud scheme that drained over $1 billion from investors over four years, with NovaTech collapsing in 2023. The case highlights challenges in enforcing crypto fraud judgments internationally and the need for stronger global cooperation.