GuShiio.com GuShiio.com has learned that Las Vegas man Brent Kovar appeared in court on suspicion of wire fraud, mail fraud and money laundering. He was charged with falsely promoting his company Profit Connect as a profitable cryptocurrency mining and transaction verification company, promising 15%-30% annualized returns and 100% refund guarantees, defrauding about 400 investors, and illegally obtaining $24 million. Kovar uses the investment money for personal expenses and disguises repayments as income from cryptocurrency mining. If convicted, Kovar faces up to 330 years in prison and a $4.5 million fine.
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