ChainCatcher news, according to Bitcoin.com, Las Vegas businessman Brent C. Kovar has been sued for allegedly operating a cryptocurrency mining Ponzi scheme through the Profit Connect project, facing up to 330 years in prison.It is reported that Kovar promised investors that his platform offered "AI-driven" cryptocurrency mining services and claimed to provide fixed returns of 15% to 30%, guaranteed by the Federal Deposit Insurance Corporation (FDIC). However, investigations revealed that Kovar did not engage in actual mining operations but instead used the funds of over 400 investors for personal luxury expenses and to pay returns to early investors, with the amount involved reaching $24 million.