New York Attorney General Letitia James asked a court on October 22, 2026, to impose roughly $1.3 billion in damages and disgorgement in the NovaTech case. The sum is a request, not money recovered for investors or a guarantee that any judgment can be collected. The court entered a default order and judgment on August 4, 2025, after the defendants did not respond or appear; the new filing seeks a decision on monetary relief.
James also announced nearly $6 million in separate settlements with four promoters, who face permanent bans from the securities, commodities and cryptocurrency industries. The announcement does not establish that settlement money has reached victims, and it does not mean every agreement was signed that week.
