Profit Connect @ BehindMLM

A Grand Jury has indicted Profit Connect founder Brent Carson Kovar. Kovar, a Nevada resident, was indicted on February 12th and arrested on February 13th.

Juan Caminero, aka John Caminero, has settled Profit Connect fraud with the Profit Connect Receiver. As per a January 22nd filed proposed settlement, Caminero will pay back $10,500.

Stephanie Megan Wildes has settled with the Profit Connect Receiver for $90,000.

The Profit Connect Receiver has received permission to make an interim distribution. On December 19th, 2024, the court approved pro rata distribution of $8 million in recovered funds to Profit Connect victims with a valid claim.

Citibank has settled with the Profit Connect Receiver for $65,000.

Allianz Life Insurance has entered into a settlement with the Profit Connect Receiver. As per the terms of the settlement, Allianz will pay $125,250 to the Receivership, from which $2500 to four Profit Connect investors.

Following notice of a provisional settlement filed last November, Troy Sutton’s Profit Connect settlement has been approved.

Profit Connect victims will soon be able to file claims with the court-appointed Receivership. On June 13th, the Profit Connect Receiver’s proposed claims submission process received court approval.

William Roshak has settled his Profit Connect fraud for $470,000. The settlement was reached following $500,000+ clawback lawsuit, filed against Roshak late last year.

Brent Kovar’s penchant for lavishing gifts on women he hired, was revealed by the Profit Connect Receiver last November. The Temporary Receiver identified three Profit Connect employees with the responsibilities of administering the financial and personnel operations of Profit Connect: SW, a former pharmacy technician hired as the accounting manager and, as she has stated, [Continue reading…]