Las Vegas businessman faces 280 years over $24 million crypto Ponzi scheme

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 mining, investment returns and company…

Aug 25, 2026 · byCrypto.news

Las Vegas businessman faces 280 years in prison after $24 million crypto fraud conviction

A federal jury convicted Las Vegas businessman Brent Kovar in a $24 million cryptocurrency scheme involving at least 400 investors.

Aug 25, 2026 · byThe Block

Business owner faces up to 280 years over $24M crypto Ponzi scheme

A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering after he took $24 million from at least 400 investors.

Aug 25, 2026 · byCointelegraph

Las Vegas businessman convicted in $24 million 'AI supercomputer' crypto Ponzi scheme

Aug 25, 2026 · byCoinDesk

280 Years in Prison Looms for Las Vegas Businessman in Crypto Case

Brent Kovar promised 30% returns and a 100% money-back guarantee. He is now facing up to 280 years in prison.

Aug 25, 2026 · byCryptoPotato