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.Seemingly aware of how launching a new Ponzi while facing trial for a prior collapsed Ponzi would look, Kovar (right) launched Passive Income Everyday (PIE) behind Heidi Shields.

Shields, for all intents and purposes, appears to be a gullible puppet.

On May 12th, Shields filed a motion seeking leave to file an amicus curiae brief. In the brief Shields revealed PIE would be shutting down.

Shields (right) also asked the court to certify PIE’s “legitimacy and compliance”, claiming that her involvement in Kovar’s Ponzi scamming had caused “emotional and financial distress”.

Employment consequences arose, including FBI questioning at my place of work, jeopardizing my licensure as a pharmacy technician and reputation with my employer.

In support of revoking Kovar’s bail, the DOJ stated in a May 2nd response filing;

The new conditions proposed by Kovar do not provide the necessary assurance that he will not commit new crimes.

He proposes home detention, seeking Pretrial Services’ approval before engaging in financial activities, giving Pretrial Services access to his financial records, seeking employment, and mental health counseling.

Home detention would not help because Kovar committed the PIE using his computer and hiding behind Shields.

Seeking Pretrial Services’ approval for financial activity and giving Pretrial Services access to his financial records also will not help because Kovar keeps sparse business records, and he has attempted to hide his fraudulent activities for years.

A condition to seek employment will also not help because it does not prevent him from committing crimes while not at work.

Nor will mental health counseling help because there is no treatment that can stop Kovar from continuing to commit crimes.

In denying the DOJ’s motion on May 15th, the court added the following restrictions to Kovar’s release:

  • no new financial transactions without Pretrial Services approval;
  • financial information must be disclosed to Pretrial Services;
  • no contact with Heidi Shields or anyone else involved in PIE (includes potential and existing investors);
  • no involvement in “bitcoin or related investments while this case is pending”; and
  • participation in mental health treatment as required by Pretrial Services

Kovar’s Profit Connect trial is currently scheduled for January 6th, 2026. Whether Kovar adheres to his new restrictions or immediately goes back to Ponzi scamming remains to be seen.