cryptocurrency
New York Attorney General Letitia James takes aim at NovaTechFx and AWS Mining in $1bn case. The court case brings charges against NovaTechFx (NovaTech), its founders Cynthia and Eddy Petion, and the cryptocurrency mining company AWS Mining Pty Ltd. (AWS Mining). Charges include mass fraud enveloped in a pyramid scheme that defrauded thousands of New York residents and left a $1bn crypto hole in the process. New York Attorney General wants restitution for Haitian fraud victimsThe court case alleges that the companies preyed upon Haitian New Yorkers in a scheme that targeted spiritual and praye...
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Two people have lodged a civil claim against Hong Kong crypto exchange JPEX in a bid to recover more than HK$1.85 million, with a lawmaker saying 10 more plan to take similar action after falling victim to the city’s largest cryptocurrency scandal to date. Chan Wing-yan and Herbert Lam lodged their case at District Court on Tuesday, making it the first civil lawsuit filed against the cryptocurrency platform at the heart of an alleged fraud case involving more than 2,600 victims with losses totalling HK$1.6 billion. The pair filed a writ of summons against seven defendants including JP-EX Crypt...
Hong Kong Free Press
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Cryptocurrency has become an increasingly popular investment vehicle for American retirement savers willing to leverage new market opportunities while simultaneously bolstering their retirement funds. For many young people, this provides them with the chance to gain a head start on their savings. Several reports from recent years show that younger generations are falling behind on their retirement savings as costs continue to climb and interest rates remain historically high. For instance, 25 percent of Generation Z — the oldest of which will turn 26 this year — haven’t started saving anything...
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