As restricted withdrawals proceed to again up, weekly returns drop to a fraction of a proportion and regulators shut in, Cynthia Petion is leaning extra closely into NovaTech FX’s non secular undertones.
Petion, who stylizes herself as NovaTech FX’s “Reverend CEO”, is now threatening to “rain down on” traders “better than the wrath of God”.
Petion’s risk was made on an April seventeenth voice recording, circulated 24 hours after information broke Wisconsin had fined NovaTech FX $50,000 for securities fraud.
Tellingly, Petion didn’t deal with Wisconsin’s superb in the recording. As an alternative Petion addressed traders focusing on individuals who recruited them into NovaTech FX.
It has been dropped at my consideration … the place our leaders are coming beneath assault.
There’s no person answerable for this enterprise aside from myself and the opposite directors.
And I need to say this very loudly and really clearly; if I catch wind of anybody who’s personally attacking or threatening certainly one of our leaders, I promise you I’ll rain down on you better than the wrath of god.
Whereas I definitely don’t advocate attacking or threatening uplines, I’ve little sympathy for individuals who make a residing recruiting individuals into scams.
There are penalties for this behaviour. Certainly one of which is having to entrance indignant traders when a Ponzi scheme you’ve promoted collapses.
Petion, who stylizes herself as “the Reverend CEO”, claims each NovaTech FX investor has acquired not less than one withdrawal over the previous 30 days.
On April 1st NovaTech FX suggested traders they might be restricted to a 5% withdrawal cap. This restrict is purportedly supposed to extend by 5% each month.
While concurrently proscribing withdrawals, Petion has suggested traders who “can not threat loss” to “get out” of NovaTech FX.
Following state-level regulatory motion from California and Wisconsin, BehindMLM anticipates federal securities and wire fraud expenses can be filed towards NovaTech FX in some unspecified time in the future.
Whether or not Cynthia Petion and husband Eddie are nonetheless within the US has been unclear since late 2022.