🇺🇸 A Las Vegas entrepreneur just got convicted in a $24M crypto Ponzi scheme.
Brent Kovar was found guilty over Profit Connect, a crypto investment scheme that allegedly used new investors’ money to pay earlier investors.
The pitch?
Crypto mining profits.
The reality?
Classic Ponzi mechanics.
According to the U.S. Department of Justice, Kovar used incoming investor funds to make payments to previous investors while presenting the operation as a legitimate crypto mining business.
The scheme involved around $24M.
And the crazy part:
Kovar faces a maximum potential sentence of up to 280 years in prison.
Crypto mining:
“Passive income.”
The DOJ:
“Passive sentence.” 💀
Theo bạn, án 280 năm cho vụ này có quá nặng không?
#crypto #bitcoin #scam #ponzi #defi
Brent Kovar was found guilty over Profit Connect, a crypto investment scheme that allegedly used new investors’ money to pay earlier investors.
The pitch?
Crypto mining profits.
The reality?
Classic Ponzi mechanics.
According to the U.S. Department of Justice, Kovar used incoming investor funds to make payments to previous investors while presenting the operation as a legitimate crypto mining business.
The scheme involved around $24M.
And the crazy part:
Kovar faces a maximum potential sentence of up to 280 years in prison.
Crypto mining:
“Passive income.”
The DOJ:
“Passive sentence.” 💀
Theo bạn, án 280 năm cho vụ này có quá nặng không?
#crypto #bitcoin #scam #ponzi #defi