New York AG Seeks $1.37B From NovaTech Founders, Settles With Promoters

The scale of the requested judgment dwarfs the promoter settlements, which underscores a familiar enforcement pattern: the people who marketed the scheme face comparatively modest consequences while the alleged architects, now abroad, are pursued for the headline figure. The prayer-group recruitment angle matters because it shows how crypto fraud embeds in trusted community networks rather than purely online channels, complicating detection and victim outreach. Whether the founders are ever actually brought before the court, and whether the promoter settlements produce meaningful recovery for victims, are the open questions worth tracking.