W

Business owner faces up to 280 years over $24M crypto Ponzi scheme

Business Management
Share
Business owner faces up to 280 years over $24M crypto Ponzi scheme

A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering after he took $24 million from at least 400 investors.

Business owner faces up to 280 years over $24M crypto Ponzi scheme

Business owner faces up to 280 years over $24M crypto Ponzi scheme


Source:Cointelegraph

Disclaimer:Please read market information rationally and stay aware of investment risks. All content on this site is for informational purposes only and does not constitute investment advice.

Related Reading

Why Alphabet’s stock could see its worst drop in years after the latest results

A doubling of cloud revenue wasn’t enough to appease Wall Street as investors grew more concerned that AI is hurting the company’s ability to make money off…

Fortinet’s stock is taking a dive after earnings. Here’s why.

Cybersecurity stocks are broadly falling as growth slows significantly in one of Fortinet’s business segments. Source:MarketWatch

Lumentum’s stock pops as investors cheer a possible sale to Marvell

An agreement between the companies could come next week, Bloomberg reported Source:MarketWatch

Canadian ‘crypto king’ case to go to jury as criminal trial winds down

Aiden Pleterski, facing fraud charges in Canada over his alleged role in a digital asset Ponzi scheme, said that he was innocent at closing.…

Source:https://cointelegraph.com/news/business-owner-280-years-24m-crypto-ponzi-scheme