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Crypto Ponzi Scheme in Las Vegas | Bitcoin and Crypto News
Description
A Vegas businessman named Brent Kovar just got convicted on 15 counts for running a $24 million crypto Ponzi scheme that defrauded 400 people. The SEC exposed how he and his mom funneled investor cash into personal accounts, using fake AI promises and crypto hype to lure victims. Now facing up to 280 years in prison, Kovar’s flashy lies — including claims of “hundred percent money-back guarantees” — collapsed under the weight of reality.
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