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Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial – News Bytes Bitcoin News

Summary by Bitcoin.com

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 […]

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Bitcoin.com

Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial – News Bytes Bitcoin News

6 days ago

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La Criptomoneda

U.S. authorities accuse Las Vegas man in a $24 million Ponzi scheme - The Cryptocurrency

U.S. authorities in the state of Nevada accused the owner of the Las Vegas business, Brent C. Kovar, of allegedly directing a $1 million cryptocurrency scheme. If he is found guilty, Kovar faces a long term prison term with a $4.5 million fine. State Government [...] The entry U.S. authorities accuse the Las Vegas man in a $24 million Ponzi scheme was first published in La Cryptocurrency.

6 days ago

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