Brent Kovar was convicted of running a $24 million crypto Ponzi scheme through Profit Connect and faces up to 280 years in prison.

Brent Kovar was convicted of running a $24 million crypto Ponzi scheme through Profit Connect and faces up to 280 years in prison.

Las Vegas businessman Brent C. Kovar was convicted for falsely representing his company Profit Connect as profitable and defrauding at least 400 investors, the Justice Department announced.