[Las Vegas Businessman Convicted for $24 Million Crypto Ponzi Scheme, Faces 280 Years in Prison] According to The Block, Las Vegas businessman Brent Kovar has been convicted by a jury for his involvement in a $24 million crypto Ponzi scheme and faces up to 280 years in prison. The U.S. Department of Justice stated that Kovar used investor funds to operate Profit Connect and repaid old investors with new funds under the guise of mining profits.