Las Vegas businessman convicted in $24M crypto Ponzi scheme

Brent Kovar was found guilty of running a crypto Ponzi scheme that defrauded at least 400 investors out of $24 million. The scheme was marketed around a purported "AI supercomputer" project, and Kovar now faces up to 280 years in prison.

• Conviction follows a trial over the fraudulent crypto investment operation.
• Authorities say Kovar solicited funds from hundreds of investors under false pretenses.