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Brent Kovar’s $24M crypto Ponzi scheme conviction could mean 280 years
The Cryptonomist·August 25, 2026·1 min read
A federal jury in Nevada convicted Las Vegas businessman Brent Kovar of fraud and money laundering for a $24 million crypto Ponzi scheme run through his company, Profit Connect. The case, prosecuted by the U.S. Attorney's Office for the District of Nevada, ended after a nine-day trial. Kovar could face up to 280 years in prison.
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