US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme
US authorities in the state of Nevada have accused Las Vegas business owner Brent C. Kovar of allegedly running a million-dollar cryptocurrency Ponzi scheme. If found guilty, Kovar faces a long prison term with a fine of $4.5 million.
US Government Vs. Brent C. Kovar
In a press release on February 14, the US Attorney’s Office of the District of Nevada unveiled an indictment against Brent Kovar for allegedly running a pyramid scheme disguised as a Las Vegas-based crypto mining company.
According to US authorities, Kovar claimed to operate a profitable, AI-integrated digital asset mining firm known as Profit Connect with fixed interest rates of 15%-30% APR and a 100% cash back guarantee on investments.
In marketing Profit…
