Las Vegas businessman faces 280 years over $24 million crypto Ponzi scheme
Covered by 2 sources · 2 articles
2 outlets - including Cryptotimes and Crypto - are covering this story. Kovar allegedly lured investors with claims of AI-powered crypto mining, 15%–30% annual returns, a 100% money-back guarantee and hundreds of millions in reserves.
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Las Vegas Businessman Convicted in $24M ‘AI Supercomputer’ Crypto Scam, Faces 280 Years
Kovar allegedly lured investors with claims of AI-powered crypto mining, 15%–30% annual returns, a 100% money-back guarantee and hundreds of millions in reserves.
Las Vegas businessman faces 280 years over $24 million crypto Ponzi scheme
A federal jury has convicted Las Vegas businessman Brent Kovar of fraud and money laundering after prosecutors said his Profit Connect operation collected $24 million from at least 400 investors through false claims about cryptocurrency min…