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New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants

New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurr...

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New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants
New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly Haitians, with false promises of high returns. NYAG Letitia James Takes Action Against Crypto […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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