From 2019 to 2023, more than 200,000 investors contributed $1.16 billion, expecting returns of 2–3% per week. However, their funds were used to pay earlier participants. In addition, Prosecutor Letitia James is seeking $232.5 million in interest.
NovaTech founders Cynthia and Eddy Petion targeted migrant religious groups. They called the company “God’s vision” and offered bonuses for bringing in new participants. At the same time, they withdrew at least $134.5 million from the wallets. In August 2025, the court found the Petions and their companies liable because they failed to respond to the lawsuits.