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

The Block·August 25, 2026·1 min read
Las Vegas businessman faces 280 years in prison after $24 million crypto fraud conviction

A federal jury convicted Las Vegas businessman Brent Kovar in a $24 million cryptocurrency scheme involving at least 400 investors. He faces up to 280 years in prison. The conviction highlights ongoing legal scrutiny in the crypto space, as authorities crack down on fraudulent digital asset operations.

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