NovaTech FX securities fraud warning from Russia

NovaTech FX has obtained a securities fraud warning from the Central Financial institution of Russia.

As per the CBR’s August ninth warning, NovaTech FX displays “indicators of an unlawful skilled participant within the securities market”.

That is the equal of a securities fraud warning in different jurisdictions.

NovaTech FX is a foreign exchange themed Ponzi scheme. It’s run from the US by US nationals Eddy and Cynthia Petion.

The Petions launched NovaTech FX after AWS Mining, their earlier Ponzi scheme, collapsed in 2019.

SimilarWeb at the moment experiences high sources of site visitors to NovaTech FX’s web site because the US (63%), Canada (7%) and South Africa (4%).

Neither NovaTech FX or the Petions are registered with the SEC or CFTC.