Brent Kovar has been convicted of running a cryptocurrency Ponzi scheme that defrauded at least 400 investors. The scheme resulted in losses totaling $24 million.
Further verified details about the case were not immediately available.
Las Vegas businessman convicted in $24 million crypto Ponzi scheme
A jury found Brent Kovar guilty of orchestrating a fraudulent investment scheme involving cryptocurrency.
MW
Marcus Webb · Crypto Desk · 25 Aug 2026 · 12:16 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Marcus Webb
Crypto Desk
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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