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New York Cracks Down on Crypto Pyramid Schemes Targeting Immigrants: It’s About Time the City Took Action Against Those Scammers Who Were Clearly Just Trying to Make a Quick Buck Off Unsuspecting New Yorkers

An illustration: A cartoon New York City skyline with a giant pyramid scheme bubble bursting above it; inside the cityscape are people from different ethnic backgrounds looking relieved as they walk away from falling cryptocurrency coins and dollar signs. In the foreground, two figures representing Attorney General Letitia James stand triumphantly holding a "Justice" banner while pointing at the shattered remains of the pyramid scheme bubble in the background.

Well isn’t this just peachy? The crypto bros are getting what’s coming to them! Another day, another pyramid scheme falls apart. I mean seriously, how many times do we need to see these scams before people realize that cryptocurrency is nothing but a house of cards built on thin air and deceitful promises

Source: bitcoin.com

New York Attorney General Letitia James has sued Novatechfx, AWS Mining, and their founders for orchestrating crypto pyramid schemes that defrauded over 11,000 New Yorkers out of more than a billion dollars in cryptocurrency. These companies targeted vulnerable immigrant communities, particularly Haitians, with false promises of high returns. New York Attorney General Letitia James has filed a lawsuit against Novatechfx (Novatech), AWS Mining Pty Ltd., and their founders, accusing them […]

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