AITom's Hardwareabout 3 hours ago
Crypto Fraudster Faces 280 Years for $24M Ponzi Scheme
3 min read
A Nevada jury convicted Las Vegas businessman Brent Kovar of wire fraud, mail fraud, and money laundering for running Profit Connect, a $24 million Ponzi scheme. Kovar promised investors 15% to 30% APR and a 100% money-back guarantee, claiming an AI supercomputer powered the crypto mining operation.
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