Cases / Crypto & digital assets
Profit Connect
Brent C. Kovar
This entry summarizes public reporting and government filings. Charges and civil complaints are allegations unless a court has entered a conviction or judgment — check the source for the current status.
- Company / entity
- Profit Connect
- Industry
- Purported AI crypto mining/verification on a supercomputer
- How investors were recruited
- Not detailed in release; 400+ investors
- Pitch & red flags
- Fixed 15% to 30% APR with "100% money-back guarantee"; claimed backing by "hundreds of millions of dollars in cryptocurrency reserves"
Pitch phrases from this case
Source
U.S. Department of Justice official
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