← NovaTech Ltd. / Cynthia Petion — $650M Crypto MLM Fraudreviewed 2026-11-01 · 8 claims checked
Fact-check findings
What an automated fact-checker found when it re-read NovaTech Ltd. / Cynthia Petion — $650M Crypto MLM Fraud against the sources the page cites. Only the most recent review is shown.
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These findings are produced by an automated reviewer, and its results vary between runs: the same page, checked three times on the same day, came back with 15%, 20% and 34% of its claims disputed, mostly because each run extracted a different number of claims. Treat what follows as leads, not rulings.
“Disputed” means the reviewer could not reconcile the claim with the evidence it cited. It does not mean the claim is false. “Unverifiable” means no reachable source settled it either way.
Nothing here changes the page on its own. A proposed correction is applied only after a human moderator approves it; until then the page reads as it did when reviewed.
unverifiable
3 claimsNo source the reviewer could reach confirms or contradicts the claim.
- #6[unverifiable][awaiting moderator]in section: Maryland Final Order and Other U.S. State Regulatory Actions
“Wisconsin's Department of Financial Institutions fined NovaTech and the Petions in an order dated in 2023.”
reviewerWisconsin DFI fined NovaTech and the Petions in 2023BehindMLM returned 403. The timeline entry's source URL slug refers to a British Columbia warning, not Wisconsin, so the citation may be mismatched. A primary Wisconsin DFI order was not located. - #7[unverifiable][awaiting moderator]in section: Collapse and Investor Losses (2023)
“Martin Zizi reached a partial settlement with the SEC that includes a permanent injunction against further fraud and a $100,000 civil penalty”
reviewerZizi partial SEC settlement includes a $100,000 civil penaltyOnly source is blocked; the SEC case page I could read does not describe the settlement. - #8[unverifiable][awaiting moderator]in section: Maryland Final Order and Other U.S. State Regulatory Actions
“attributing an estimated $110 million in losses to roughly 3,000 Maryland residents”
reviewerMaryland Final Order attributes about $110 million in losses to roughly 3,000 Maryland residentsSource blocked. The page already hedges the fine versus loss ambiguity; the cited article headline calls it a fine.
partially supported
1 claimThe cited evidence supports part of the claim but not all of it.
- #5[partially supported][awaiting moderator]in section: Maryland Final Order and Other U.S. State Regulatory Actions
“NovaTech and the Petions were the subject of regulatory warnings or enforcement actions in at least five U.S. states before the SEC's federal suit.”
reviewerNovaTech and the Petions faced warnings or enforcement in at least five U.S. states before the SEC suitThe section names only California, Wisconsin and Maryland (plus New York elsewhere on the page, and Maryland's order came after the SEC suit). The count of five is not itemised on the page, and the Maryland action postdates the SEC suit.
confirmed
4 claimsThe cited evidence supports the claim as written.
- #1[confirmed][no action needed]in section: New York Attorney General Parallel Action and 2026 Developments
“The complaint alleges investors deposited over $1 billion into NovaTech between 2019 and 2023 while less than $26 million was actually traded on its platform”
reviewerNY AG alleges over $1 billion deposited into NovaTech 2019-2023 with less than $26 million tradedMatches the AG press release, including the June 6, 2024 date and the prayer-group/WhatsApp/Haitian targeting. - #2[confirmed][no action needed]in section: Ontario Capital Markets Tribunal — Permanent Ban and Sanctions
“permanently banned Nova Tech and Cynthia Petion from Ontario's capital markets”
reviewerOntario Tribunal permanently banned Nova Tech and Petion, with $2.5M penalty, $31,000 disgorgement, $193,333.52 costs, decision dated Dec 3, 2024All sanction figures, the decision date and the citation match the Tribunal decision in brief. - #3[confirmed][no action needed]in section: New York Attorney General Parallel Action and 2026 Developments
“Martin Zizi ($2.9 million), Frantz Ciceron ($2.05 million), James Corbett ($750,000), and Ricardo Roy Sr. ($275,861)”
reviewerFour promoters settled with NY AG for the stated amounts with permanent industry barsAmounts and bars match. The article does not clearly use the word 'disgorgement' in what I extracted, but the characterization is consistent with other coverage. - #4[confirmed][no action needed]in section: New York Attorney General Parallel Action and 2026 Developments
“the Attorney General's office filed an affirmation on October 22, 2026, seeking approximately $1.367 billion including interest from the NovaTech-related claims”
reviewerNY AG filed affirmation Oct 22, 2026 seeking about $1.367 billion; default judgment against the Petions in August 2025 with monetary amount deferredConsistent across the cited article and independent coverage. Reports differ on whether $1.367B includes or excludes prejudgment interest; the page's 'including interest' follows the cited article.
How this fits together. The reviewer reads the published page and its cited sources and records one finding per claim. A human moderator decides whether each proposed correction is applied; those decisions, and the score changes they cause, appear in the audit log. Earlier review runs are not shown here; only the latest reflects the page as it stands.