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Crypto Scam: US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme

Bitcoinist LogoBitcoinist3d ago

Crypto Scam: US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme - Bitcoinist

Quick Summary:

US authorities in the state of Nevada have accused Las Vegas business owner Brent C.

Kovar of allegedly running a million-dollar cryptocurrency Ponzi scheme.

If found guilty, Kovar faces a long prison term with a fine of $4.5 million.


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Crypto Scam: US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme - Bitcoinist (Picture 1)

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-16 @ 22:00:09 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 26204188

View Article Analysis

About Bitcoinist

Bitcoinist Logo

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 9 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 13 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Crypto Scam: US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme" has 421 words across 26 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "Crypto Scam: US Authorities Indict Las Vegas Man In $24 Million Ponzi Scheme" was covered 3 days ago by Bitcoinist, a news publisher based in Hungary.

How trustworthy is 'Bitcoinist' news outlet?

Bitcoinist is a fully independent (privately-owned) news outlet established in 2014 that covers mostly crypto news.

The outlet is headquartered in Hungary and publishes an average of 9 news stories per day.

It's most recent story was published 13 hours ago.

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The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

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  • News ID: #26204188
  • URL: https://beamstart.com/news/crypto-scam-us-authorities-indict-17397432707997

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