EmpiresX’s Joshua Nicholas has asserted “NovaTech FX has not too long ago been dropped at justice”.
The declare, which BehindMLM has not been capable of confirm, was made in an April eleventh courtroom submitting.
By EmpiresX, Joshua David Nicholas labored with Emerson Pires and Flavio Goncalves to defraud customers out of ~$100 million.
The ruse behind EmpiresX was automated buying and selling. To that finish Nicholas performed “Joshua Greg”, EmpiresX’s “Grasp Dealer”.
Along with $3.3 million restitution and a $300,026 judgment in parallel civil proceedings introduced by the SEC, Nicholas was sentenced to 51 months in jail final November.
On April tenth Nicholas filed a pro-se letter with the courtroom requesting modification to his sentence.
Within the movement, Nicholas said;
Since being in bodily custody I’ve continued to work with the SEC.
In reality NovaTech FX has not too long ago been dropped at justice at no profit to me or dialogue of such profit.
The federal government simply reached out to me weeks in the past asking for added assist which I count on to supply any day now.
Nonetheless, my assistance is considerably restricted from being behind jail bars.
It’s unclear what, if any, connection there’s between Nicholas, EmpiresX and NovaTech FX.
Whereas BehindMLM can’t confirm Nicholas’ claims, we’ve anticipated federal motion towards NovaTech FX since California’s securities fraud stop and desist final November.
Wisconsin additionally revealed NovaTech FX securities fraud prices and a $50,000 tremendous earlier this month.
NovaTech FX collapsed in February 2023. Withdrawals have been disabled until April 1st, after which, whereas re-enabled, withdrawals performance stays severely restricted.
Nicholas’ declare suggests NovaTech FX’s ongoing withdrawal points could be the results of the SEC and/or DOJ closing in on homeowners Cynthia and Eddy Petion.
The Petions, US nationals with ties to New York and Florida, haven’t been seen in public since late 2022.
Getting again to Nicholas’ movement, he believes there’s been a miscalculation along with his sentencing.
I solely performed a particular operate, was not concerned within the planning, had restricted information, and I solely made roughly 150 thousand in comparison with a cited loss quantity of 40 million.
It must be famous that whereas the CFTC’s and SEC’s EmpiresX civil circumstances cite losses of round $40 million, the DOJ’s prison case pegged EmpiresX losses at over $100 million.
How can I be sentenced beneath a lack of 40 million I used to be chargeable for … when the courtroom decided I used to be chargeable for 3.3 million in loss?
Nicholas has requested his sentence accordingly be lowered to 24 to 30 months.
Outdoors of his sentencing claims, Nicholas additionally reveals he’s not having a good time in jail.
On my thirtieth day in custody I used to be attacked by a a lot bigger black man (I’m a 140 lb. white man) struggling damaged ribs because of this.
Then, days later whereas within the SHU for no purpose (I’ve no disciplinary infractions) one other massive black man tried to rape me.
Regardless of having jail camp custody I’m at Coleman LOW the place I’m surrounded by intercourse offenders and youngster molesters who I might in any other case wish to defend my kids from.
I’ve maintained clear conduct as I acquired a job straight away as Head Orderly in Training, yesterday I gained the expertise present, I’m working with my professors to finish a PhD, on the waitlist for UNICOR, and regardless of many requests for assist with drug remedy I’ve obtained none. (Whereas on pre-sentencing I attended AA frequently).
A long term of imprisonment solely hurts the victims extra as taxpayers who misplaced cash are actually compelled to pay the price of my bodily custody.
Regardless of my expertise with the prison justice system that seems centered on punishment and isolation, I’ve executed all I can do to rehabilitate.
I don’t perceive why these hardships are taking place however I do know that God is the true decide and so long as I hold my head up, examine, and work laborious I’ll come house to my fiance and two youngsters a stronger and higher man and husband.
If nothing else – jail acquired me out of the quick paced life and reset my priorities.
Now, I simply need out so I can show as soon as once more I could be a extremely productive member of society.
On April twenty third, Nicholas’ newly appointed legal professional filed a movement requesting Nicholas’ pro-ser submitting be stricken.
Nicholas’ new legal professional claims Nicholas’ pro-ser submitting was an “unlucky mistake”.
Nicholas switched attorneys on April twenty third, after complaining about his earlier illustration in his April eleventh pro-ser submitting.
The previous legal professional that prevented me from serving to the federal government that was paid for by my co-defendants in serving to them run away to Brazil leaving me holding the bag is now now not a barred legal professional.
It is because even from behind jail partitions I’ve informed the reality and introduced proof regardless of the restrictions jail in putting on me to get the reality out.
The movement requesting Nicholas’ pro-ser submitting be stricken was granted on April twenty fourth.