Ponzi Scheme Archives

Las Vegas businessman faces 280 years over $24 million crypto Ponzi scheme

A federal jury has convicted Las Vegas businessman Brent Kovar of fraud and money laundering after prosecutors said his Profit Connect operation collected $24 million from…

Satoshi QueenAugust 25, 2026

Crypto Scam

Block Bits Capital founder convicted in nearly $1M crypto fraud

A federal jury has convicted Block Bits Capital co-founder Japheth Dillman of wire fraud and conspiracy after prosecutors said more than 20 investors lost nearly $1…

Satoshi QueenAugust 25, 2026