{"id":47570,"date":"2025-02-17T04:51:00","date_gmt":"2025-02-17T04:51:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/feds-say-ai-crypto-firm-was-a-scam-owner-faces-trial\/"},"modified":"2025-02-17T04:51:00","modified_gmt":"2025-02-17T04:51:00","slug":"feds-say-ai-crypto-firm-was-a-scam-owner-faces-trial","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/feds-say-ai-crypto-firm-was-a-scam-owner-faces-trial\/","title":{"rendered":"Feds Say AI Crypto Firm Was a Scam, Owner Faces Trial"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<br \/>A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and falsely implied FDIC backing. From 2017 to [&#8230;]<br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/feds-say-ai-crypto-firm-was-a-scam-owner-faces-trial\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) A Las Vegas businessman, Brent C. Kovar, 58, has been indicted for allegedly orchestrating a $24 million cryptocurrency Ponzi scheme through his company, Profit Connect. Prosecutors claim Kovar falsely promoted Profit Connect as an artificial intelligence-powered cryptocurrency mining firm that guaranteed fixed investment returns of 15%-30% APR and [&hellip;]<\/p>\n","protected":false},"author":23,"featured_media":47571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47570"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=47570"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/47570\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/47571"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=47570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=47570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=47570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}