Profit Connect @ BehindMLM

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.

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.