Las Vegas businessman convicted in $24 million 'AI supercomputer' crypto Ponzi scheme

Brent Kovar of Las Vegas has been found guilty of running a crypto Ponzi scheme that defrauded more than 400 investors out of at least $24 million. Kovar marketed the project as an investment in an "AI supercomputer," luring victims with false promises of outsized returns. The case is part of a broader pattern of fraud combining artificial-intelligence narratives with cryptocurrency investments.