Brent C. Kovar Found Guilty of Defrauding 400 People in Cryptocurrency Mining Scheme
By: www.criptonoticias.com|2026/08/28 20:29:55
0
Share
Prefer us on Google
A federal jury in Las Vegas found Brent C. Kovar, owner of Profit Connect, guilty on 11 counts of wire fraud, two counts of mail fraud, and two counts of money laundering. Kovar deceived over 400 individuals by promising returns through a supposed cryptocurrency mining technology, fraudulently obtaining $24 million between late 2017 and July 2021. The firm promised a fixed return of 15% to 30% APR and guaranteed a 100% refund of the invested money. However, authorities determined it was a scam, as the company did not generate legitimate profits, and Kovar used the funds to operate his business and purchase properties. He faces a maximum combined sentence of 280 years in prison.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
US Cities Eye AI Data Center Limits as Study Flags Water Risks
Genius Group proposes $12.5 million offering to rebuild $827 million Bitcoin treasury
Genius Group Bitcoin treasury plan starts with a proposed $12.5 million raise—just 1.51% of its $827 million target.
Granola Unveils Atomic Swap Order Book on Cashu
Granola has unveiled a proof of concept for a decentralized order book that coordinates atomic swaps on Cashu.
BCRA purchases exceeded $14 billion barrier in 2026
The monetary authority purchased $82 million and closed August with a weekly balance of $256 million, although reserves fell by $1.069 billion and dropped below $50 billion. The data came in a session with a stable wholesale dollar, futures almost unchanged, and rates in pesos rising again.
Irish drug dealer’s lost wallet moves $39.56M in Bitcoin
HyENA shuts down after processing $4B in trades
Avici attack drains over $1M from Solana users
Cosmos misjudged a critical bug for 4 months before hackers stole nearly $6 million across 6 chains
Cosmos says the same vulnerability hit six networks, including MANTRA, after being initially classified as unlikely to threaten production
Tokenized gold is becoming productive collateral in crypto lending, Arch says
European Blockchain Convention 2026: Information and Exclusive Promotion
1200 Qubits Estimated, Pressure on Bitcoin and Ethereum Transition
Warnings that quantum computers could threaten the existing signature systems of Bitcoin (BTC) and Ethereum (ETH) have resurfaced as a key issue in cryptocurrency security. The core concern is not that the networks will collapse immediately, but that assets and protocols with exposed public keys mus...
Warning of a Shock Needed for $40 Trillion U.S. Debt
The total public debt of the United States has surpassed $40 trillion for the first time, raising warnings about the fiscal path. As the cost of servicing debt increases in a high-interest environment, market interpretations regarding the trust in the dollar and the roles of Bitcoin (BTC) and gold a...
X dismantles a Chinese bot farm of 200,000 accounts: the battle for AI data centers is also fought online
X claims to have dismantled a Chinese bot farm of 200,000 accounts, of which 200 stoked American anger against AI data centers.
Ripple moves to shrink XRP Ledger attack surface as AI audit tests lending push
XRP Ledger's cleanup comes as Lending Protocol V1.1 enters an AI-only audit after earlier reviews uncovered 94 security issues.
Trump loses for the second time in attempt to move his dirty money case to federal court
A federal judge in Manhattan rejected for the second time Donald Trump's attempt to move the criminal case that ended with his conviction for falsifying business records from New York. Judge Alvin Hellerstein concluded that Trump waited too long and did not demonstrate that presidential immunity or ...
XAUUSD: Understanding and Trading the Gold/Dollar Pair in 2026
Three Avalanche ETFs Introduce Staking Reward Distribution Structure
Three Avalanche (AVAX) spot exchange-traded funds (ETFs) have integrated a staking reward structure into their asset holdings.
Cloud 9, the galaxy candidate with no stars
Cloud 9, located 14 million light-years away, could be the first galaxy without stars observed by humanity. Its gas reserves and dark matter halo contrast with the almost total absence of starlight, although researchers still need new observations to confirm the finding.
Walmart’s 1970 IPO Still Has a Lesson for SpaceX Buyers
Strategy’s 6,948 BTC sales were a narrative risk: Bitfinex
Wash's Latest Speech: The Era We Are In (Full Text Attached)
Vinteum Celebrates Four Years and Reflects on Achievements
Vinteum, an organization dedicated to the development of Bitcoin, celebrates four years and reflects on its achievements.
Apple TV+ Raises Price for the 4th Time: What's Behind It
Mounjaro Receives Cardiac Approval from the FDA: What It Means for Eli Lilly
GDP, Debt, Rates: Is France Heading Towards Recession?
Cedears: ETFs Replicating Soybeans and Corn to Be Added to the Market
The new proposal allows exposure to the international price of major grains from a local brokerage account. Additionally, it adds a means of diversification and coverage against movements in the financial dollar.
Spot Trading on Decentralized Exchanges Reaches 13.6%, Sparking Debate on DeFi Governance
The DeFi market has seen a simultaneous growth in institutional control structures and open trading infrastructure. While the market share of decentralized exchanges (DEX) in spot and perpetual futures trading has increased, the capture of revenue by protocols and permissioned access structures are ...
Intense Battle in the Sejm Over Presidential Veto. Czarzasty Strongly on Cryptocurrencies and 'Mafia Activities'
At the upcoming session of the Sejm, a vote will take place on President Karol Nawrocki's veto of the cryptocurrency market bill, announced Sejm Marshal Włodzimierz Czarzasty on Friday. He added that the Sejm will also vote on the veto regarding the bill on the status of a close person.
Walmart Reaches Settlement with U.S. Over Opioid Lawsuit
Walmart has reached a settlement with the U.S. government to resolve a lawsuit accusing its pharmacies of illegally dispensing opioids and other controlled substances. The agreement ends a federal battle that began in 2020, although the financial terms have not yet been disclosed.
Cyberattack at Lingor: Identity Documents, IBANs, and Addresses of Gold Buyers Exposed
Lingor, a French gold dealer, confirms a cyberattack with ransom. Identity documents, proof of residence, and IBANs exposed.
US Cities Eye AI Data Center Limits as Study Flags Water Risks
Genius Group proposes $12.5 million offering to rebuild $827 million Bitcoin treasury
Genius Group Bitcoin treasury plan starts with a proposed $12.5 million raise—just 1.51% of its $827 million target.
Granola Unveils Atomic Swap Order Book on Cashu
Granola has unveiled a proof of concept for a decentralized order book that coordinates atomic swaps on Cashu.
BCRA purchases exceeded $14 billion barrier in 2026
The monetary authority purchased $82 million and closed August with a weekly balance of $256 million, although reserves fell by $1.069 billion and dropped below $50 billion. The data came in a session with a stable wholesale dollar, futures almost unchanged, and rates in pesos rising again.
Irish drug dealer’s lost wallet moves $39.56M in Bitcoin
HyENA shuts down after processing $4B in trades
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
