Cynthia Petion and Eddie Petion emerged as influential figures in the world of copyright investments through their venture NovaTech. Promoted as a cutting-edge platform combining forex and copyright trading with multi-level marketing strategies, NovaTech quickly attracted global attention for its promises of high returns and rapid growth.
Cynthia Petion, styled as the charismatic leader behind the operation, often referred to herself as the “Reverend CEO” and used religious imagery to frame the investment opportunity as a divine calling. She claimed NovaTech delivered profits from the very first day, offering investors the illusion of safety and instant gains. Eddie Petion, her partner in both business and life, was presented as the operational Chief Operating Officer, credited with overseeing the day-to-day management of investor accounts and the alleged trading activities.
From its inception in 2019 through its collapse in 2023, NovaTech purportedly processed deposits exceeding one billion dollars in copyright from more than 200,000 investors worldwide. Tens of thousands of those investors, including Haitian American communities, were targeted through culturally tailored messaging, religious appeals, and social media outreach. Investors were enticed by promised weekly returns of two to four percent, and further enticements came in the form of generous recruitment bonuses typical of a pyramid-style model.
Behind the glossy presentations and faith-infused branding, however, the reality was starkly different. Investigations revealed that only a small fraction of the investments was ever allocated toward actual trading. The vast majority of funds were used to pay earlier investors and commission payments to promoters, while significant amounts were diverted for personal use. When withdrawals began to stall and ultimately freeze, investors were left with huge losses and little recourse.
Regulatory actions followed swiftly. In August 2024, the U.S. Securities and Exchange Commission charged NovaTech, Cynthia Petion, and Eddie Petion with executing a fraudulent scheme that amassed more than $650 million in copyright assets through deceptive promises and misleading practices. The SEC’s complaint emphasized the misuse of investor funds and the orchestration of a Ponzi-like structure under the guise of investment returns.
Simultaneously, the state of Washington issued final orders mandating the Petions and NovaTech to cease and desist. The orders cited failures to disclose material information such as bankruptcy histories, past civil judgments, and regulatory warnings from authorities in Canada and California. Moreover, they imposed significant fines—$50,000 each on Cynthia and Eddie Petion and on NovaTech itself—alongside costs, reflecting the severity of the violations. These orders became final in early 2024.
In New York, the Attorney General also filed a lawsuit against the business, alleging that Cynthia and Eddie Petion, through NovaTech and an earlier scheme called AWS Mining, defrauded thousands of investors out of over a billion dollars. The complaint highlighted how both schemes relied on recruitment incentives and false assurances of high profits while recognizing and exploiting immigrant and religious communities, particularly Haitians.
NovaTech’s dramatic unraveling stood as a cautionary tale of how polished marketing, charismatic leadership, and affinity tactics can mask deep-seated fraud. The combination of multi-level marketing mechanics with unregistered securities offerings created an illusion of legitimacy and prosperity for many who could least afford financial setbacks.
As investors continue to seek innovative ways to build wealth through decentralized technologies, the story of Cynthia Petion & Eddie Petion’s NovaTech reminds us of the critical importance of transparency, oversight, and skepticism. Even when proposals seem rooted in community uplift or spiritual calling, proper regulatory registration Cynthia Petion & Eddie Petion and full disclosure are non-negotiable.
In conclusion, the dramatic rise and precipitous collapse of NinaTech underlines not only the far-reaching consequences of copyright-based fraud but also the resilience of regulators and law enforcement in pursuing accountability. For communities impacted by the Petions’ schemes, the path forward lies in restitution efforts, but the broader lesson reverberates through the caution it imparts to all potential investors: always verify, question, and demand clarity before entrusting your resources to promises of easy wealth.