US Attorney Nevada(@USAO_NV):LAS VEGAS – A federal jury convicted Las Vegas business owner Brent C. Kovar of operating a cryptocurrency Ponzi scheme that fraudulently obtained $24 million from at least 400 investors by promising high returns and falsely claiming his company was backed by substantial cryptocurrency reserves.

US Attorney Nevada

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US Attorney Nevada@USAO_NV

2026.08.24 22:43

LAS VEGAS – A federal jury convicted Las Vegas business owner Brent C. Kovar of operating a cryptocurrency Ponzi scheme that fraudulently obtained $24 million from at least 400 investors by promising high returns and falsely claiming his company was backed by substantial cryptocurrency reserves.