SEC Obtains Investigative Subpoena Against NovaTech Crypto Investment MLM Promoters

cryptonews.com:

The United States Securities and Exchange Commission (SEC) has announced that it obtained a court order to enforce an investigative subpoena against two NovaTech crypto investment scheme promoters.

In a recent press release, the financial regulator disclosed updates in its investigation against NovaTech Crypto Investment promoters.

On Feb 13, the US District Court for the Northern District of Texas granted an application to enforce a subpoena against Dapilinu Dunbar and Corrie Sampson. The subpoena against both men will ensure the production of critical documents and testimony issued to Sampson.

Dunbar and Sampson are currently being investigated by the SEC for their role in NovaTech as they successfully climbed the company ladder. Specifically, the SEC is investigating a breach of federal securities laws in the order and sales of interests in NovaTech.

As a multi-level marketing scheme, NovaTech recruits investors to its program with Dunbar and Sampson obtaining the two highest ranks.

“According to the SEC’s filing, the SEC is investigating whether certain persons, including Dunbar and Sampson, violated the federal securities laws in connection with the offers and sales of interests in NovaTech, a purported crypto asset investment program marketed to individual investors in the United States and worldwide.”

Events leading up to this announcement show that the Commission attempted to get the documents required for investigation from both men.

According to the release, the SEC has previously served subpoenas to produce the documents alongside compelling their testimony.

However, despite all investigative efforts by the financial authority, the respondents failed to make the documents in question available or furnish the