Profit Connect @ BehindMLM

Bank of America has reached a settlement with the Profit Connect Receivership for $1.825 million. As per a motion seeking settlement approval filed on June 5th;

Following the revelation that Brent Kovar launched another Ponzi while on release for Profit Connect fraud, a court has imposed additional restrictions. The DOJ had pushed for Kovar’s bail to be revoked, however the court stopped short of the request.

Profit Connect’s Brent Covar is running another recently launched Ponzi while out on pre-trial release.

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.