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Business owner faces up to 280 years over $24M crypto Ponzi scheme
Cointelegraph·August 25, 2026·1 min read
Brent Kovar faces up to 280 years in prison after a federal jury convicted him of wire fraud, mail fraud, and money laundering. He ran a $24 million crypto Ponzi scheme that defrauded at least 400 investors. The conviction highlights ongoing regulatory scrutiny of fraudulent crypto operations.
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