NY AG Seeks $1.37B From NovaTech Founders in Ponzi Case

The size of the disgorgement demand, and the fact that it follows a default judgment rather than a contested trial, signals that the enforcement priority here is asset recovery and promoter accountability rather than further litigation against the founders. The promoter settlements matter more than they may appear: they establish a template for resolving claims against the distribution layer of a crypto-adjacent scheme, which is where retail exposure typically concentrates. Whether the AG can actually collect against founders who did not appear remains the open question, and the promoter settlement terms are worth watching for how clawback expectations are being set across similar cases.