Crypto bro faces 280 years in prison for defrauding investors with promises of an 'AI supercomputer' for mining — jury convicts businessman of running $24-million Ponzi scheme, claimed up to 30% APR and a 100% money-back guarantee

Summary

A man claiming to give massive returns to investors has been found guilty of wire fraud, mail fraud, and money laundering by a Nevada court. Brent Kovar now faces up to 280 years behind bars for his crimes, although sentencing will still be held on November 30.