Las Vegas Business Owner Convicted in $24 Million Crypto Ponzi Scheme

TLDR Brent Kovar was convicted of wire fraud, mail fraud and money laundering He ran Profit Connect, a company that claimed to mine crypto using AI The scheme defrauded at least 400 investors out of $24 million Kovar faces a statutory maximum sentence of 280 years in prison Sentencing is scheduled for November 30, 2026 [...]

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