EconomyProfit Connect owner convicted in $24M AI crypto fraud scheme
A federal jury convicted Profit Connect owner Brent C. Kovar on 15 fraud and money-laundering counts. Prosecutors said he raised $24 million from at least 400 investors by falsely claiming an AI-powered crypto business generated profits and guaranteed returns. Sentencing is scheduled for Nov. 30.
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CryptoSlate★★★☆☆2026-08-26 10:30Original
Profit Connect owner convicted in $24M AI crypto fraud scheme
Economy