As restricted withdrawals proceed to again up, weekly returns drop to a fraction of a share and regulators shut in, Cynthia Petion is leaning extra closely into NovaTech FX’s spiritual undertones.
Petion, who stylizes herself as NovaTech FX’s “Reverend CEO”, is now threatening to “rain down on” traders “better than the wrath of God”.
Petion’s risk was made on an April seventeenth voice recording, circulated 24 hours after information broke Wisconsin had fined NovaTech FX $50,000 for securities fraud.
Tellingly, Petion didn’t tackle Wisconsin’s positive within the recording. As a substitute Petion addressed traders focusing on individuals who recruited them into NovaTech FX.
It has been delivered to my consideration … the place our leaders are coming beneath assault.
There may be no person answerable for this enterprise apart from myself and the opposite directors.
And I need to say this very loudly and really clearly; if I catch wind of anybody who’s personally attacking or threatening one in every of our leaders, I promise you I’ll rain down on you better than the wrath of god.
Whereas I definitely don’t advocate attacking or threatening uplines, I’ve little sympathy for individuals who make a dwelling recruiting folks into scams.
There are penalties for this behaviour. One in every of which is having to entrance indignant traders when a Ponzi scheme you’ve promoted collapses.
Petion, who stylizes herself as “the Reverend CEO”, claims each NovaTech FX investor has obtained at the very least one withdrawal over the previous 30 days.
On April 1st NovaTech FX suggested traders they might be restricted to a 5% withdrawal cap. This restrict is purportedly supposed to extend by 5% each month.
While concurrently limiting withdrawals, Petion has suggested traders who “can’t threat loss” to “get out” of NovaTech FX.
Following state-level regulatory motion from California and Wisconsin, BehindMLM anticipates federal securities and wire fraud costs will probably be filed in opposition to NovaTech FX sooner or later.
Whether or not Cynthia Petion and husband Eddie are nonetheless within the US has been unclear since late 2022.