Las Vegas businessman Brent Kovar convicted of $24 million cryptocurrency Ponzi scheme and faces 280 years in prison

According to The Block, Las Vegas businessman Brent Kovar has been convicted by a jury and faces up to 280 years in prison for his involvement in a $24 million cryptocurrency Ponzi scheme. The US Department of Justice stated that Brent Kovar used investor funds to operate Profit Connect and repaid old investors with new funds under the guise of mining profits.