RegulationBrent KovarTue, Aug 25, 2026, 11:46 AMNegative

Las Vegas Businessman Convicted in $24 Million Crypto Ponzi Scheme

Brent Kovar, a Las Vegas businessman, has been convicted of orchestrating a $24 million Ponzi scheme that misled at least 400 investors. He faces up to 280 years in prison for wire fraud, mail fraud, and money laundering related to false claims about cryptocurrency mining and investment returns.

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CoinDesk19 days ago

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

Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million.

cryptoNegativeRead full article
Decrypt19 days ago

Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme

Brent Kovar told at least 400 investors a supercomputer was mining crypto for them, and that their money was insured by the FDIC.

cryptoNegativeRead full article
Cointelegraph19 days ago

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.

cryptoNegativeRead full article
The Block19 days ago

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.

cryptoNegativeRead full article
crypto.news19 days ago

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…

cryptoNegativeRead full article
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