Las Vegas Businessman Indicted for $24 Million Crypto Ponzi Scheme
- Brent C. Kovar, 58, is the accused individual.
- The scheme allegedly involved $24 million through Profit Connect.
- Profit Connect was falsely promoted as AI-powered and FDIC-backed.
- Kovar promised fixed investment returns of 15%-30% APR.
Brent C. Kovar has been indicted for allegedly running a $24 million Ponzi scheme through his company, Profit Connect, which was falsely marketed as an AI-driven cryptocurrency mining firm with guaranteed returns and implied FDIC backing.
Source (2.6)https://news.bitcoin.com/feds-say-ai-crypto-firm-was-a-scam-owner-faces-trial/?rand=52384
