Brent Kovar has been found guilty of running a crypto Ponzi scheme, defrauding at least 400 investors out of $24 million.

  • A federal jury found Las Vegas businessman Brent Kovar guilty of operating a cryptocurrency Ponzi scheme that defrauded at least 400 investors of $24 million.
  • Prosecutors said Kovar falsely promised annual returns of 20% to 30% through Profit Connect while using investor funds for Ponzi-style payments, employee gifts and a house for himself.
  • Kovar was convicted of 15 counts, including wire fraud, mail fraud and money laundering, and faces up to 280 years in prison when he is sentenced Nov. 30.

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The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

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