International Edition

Tuesday, 13 October 2026

Private Trade News

Global markets, trading & world business — for professional traders

Crypto

Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme

Private Trade News trader edition (2026-08-25): Brent Kovar told at least 400 investors a supercomputer was mining crypto for them, and that their money was insured by the FDIC. Primary source: original at Decrypt (decrypt.co).

· Decrypt

Jury Convicts Las Vegas Man of $24M AI Crypto Mining Ponzi Scheme

Brent Kovar told at least 400 investors a supercomputer was mining crypto for them, and that their money was insured by the FDIC.

Read at source