Las Vegas businessman convicted in $24 million 'AI supercomputer' crypto Ponzi scheme
核心要点
- Las Vegas businessman Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million, the U.
Las Vegas businessman Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million, the U.S. Attorney's Office for the District of Nevada announced Monday.
Kovar was found guilty of 11 counts of wire fraud, two counts of mail fraud and two counts of money laundering following a nine-day trial. Sentencing is scheduled for Nov. 30, when Kovar faces a statutory maximum penalty of up to 280 years in prison.
Kovar’s case first made the headlines in July 2021, when the U.S. Securities and Exchange Commission (SEC) charged Kovar and his mother, Joy Kovar, with fraudulently raising $12 million from at least 277 investors.
The pair lured investors into their Ponzi scheme, saying their crypto business, Profit Connect, invested in forex, stocks and other assets "to diversify its income stream from the company's main income source of blockchain mining,” the SEC said.