Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics
←Back to story

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

The BlockView source article

Part of story

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

Federal jury convicted Brent Kovar of defrauding at least 400 investors of $24 million through Profit Connect, promising fixed returns of 15-30% annually from AI supercomputer crypto mining that never existed.

Aug 25, 2026·4 sourcesCrypto enforcement actionsBitcoin miningAI misinformation & deepfakesPonzi schemesCrypto regulation
Las Vegas businessman convicted in $24 million AI crypto Ponzi scheme
00

Other sources for this story

CoinDesk

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

Decrypt

Crypto Fund Founder Convicted of Fraud Over Fake Trading Bot - Decrypt

Decrypt

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

Featured Stories

CIA Director John Ratcliffe arrives in Moscow aboard US military plane for meetings

CIA Director John Ratcliffe arrives in Moscow aboard US military plane for meetings

Aug 25, 2026·8 sources