A Las Vegas businessman, Brent Kovar, convicted of a $24 million encrypted Ponzi scheme and facing 280 years' imprisonment

According to The Block, the Las Vegas businessman Brent Kovar was convicted by a jury for a $24 million encrypted Ponzi scheme and faced up to 280 years of imprisonment. According to the United States Department of Justice, Brent Kovar used the investor ' s funds for the operation of the Profit Complex and used new funds to reimburse the old investors in the name of mining proceeds。