Cynthia Petion
NovaTech founder named in New York's $1.3 billion request
Founder, NovaTech
Background
Cynthia Petion is one of the founders of NovaTech, according to New York Attorney General Letitia James.
The attorney general asked a court on October 22, 2026, to order Cynthia and Eddy Petion to pay $1.3 billion in damages and disgorgement.
About NovaTech
NovaTech: NovaTech is a company that the New York attorney general sued in June 2024 over alleged illegal pyramid schemes. The attorney general's release calls it NovaTechFx.
Key facts
- Role
- Named by the attorney general as one of NovaTech's founders, with Eddy Petionsource
- Alleged transfers
- The filing alleges she authorized transfers of at least $134.5 million in withdrawals to wallets belonging to the founderssource
- Default judgment
- A default judgment in August 2025 also banned the Petions from the securities, commodities and cryptocurrency industries, the attorney general sayssource
WYDE coverage of Cynthia Petion
WYDE Newsroom has published one article about Cynthia Petion, on Oct 24, 2026. Cynthia Petion is the subject of 1 story. The most recent is New York Attorney General Seeks $1.3 Billion From NovaTech Founders in Crypto Lawsuit.
Reported alongside Cynthia Petion
- AWS Mining Pty Ltd · in 1 story with Cynthia Petion
- New York Attorney General's Office · in 1 story with Cynthia Petion
- NovaTech · in 1 story with Cynthia Petion
- Eddy Petion · in 1 story with Cynthia Petion
- Frantz Ciceron · in 1 story with Cynthia Petion
- James Corbett · in 1 story with Cynthia Petion
- Letitia James · in 1 story with Cynthia Petion
- Martin Zizi · in 1 story with Cynthia Petion
Sources
Follow the money in philanthropy.
Who gives, who receives, and what it funds. Every Friday.