US DOJ convicts Las Vegas business owner in $24M cryptocurrency Ponzi scheme targeting over 400 investors

A Las Vegas entrepreneur was convicted of fraud and money laundering for running a $24M cryptocurrency Ponzi scheme, deceiving over 400 investors with false claims of AI-powered crypto mining, guaranteed 30% returns, and FDIC-backed security. Prosecutors revealed Brent Kovar, 58, misused investor funds for luxury expenses and fake repayments while using fraudulent marketing to lure victims…