Crypto bro faces 280 years in prison for defrauding investors with promises of an 'AI supercomputer' for mining — jury convicts businessman of running $24-million Ponzi scheme, claimed up to 30% APR and a 100% money-back guarantee
This story is from 2026-08-26. It is preserved in the archive; the latest stories are on the live feed.
A man claiming to give massive returns to investors has been found guilty of wire fraud, mail fraud, and money laundering by a Nevada court. Brent Kovar now faces up to 280 years behind bars for his crimes, although sentencing will still be held on November 30.
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- 2026-08-26 13:29 · Tom's Hardware
Crypto bro faces 280 years in prison for defrauding investors with promises of an 'AI supercomputer' for mining — jury convicts businessman of running $24-million Ponzi scheme, claimed up to 30% APR and a 100% money-back guarantee
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