Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial
Submitted by Anonymous (not verified) on Mon, 02/17/2025 - 07:00
A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and falsely implied FDIC backing. From 2017 to […]