Defendants Brent Carson Kovar and Joy Irene Kovar stand accused of running Profit Connect, which the SEC alleges was a $12 million dollar Ponzi scheme. Recent filings suggest the Kovars don’t intend to put up a fight.
Profit Connect has been shut down by the SEC. The regulator alleges mother and son founders, Brent Carson Kovar and Joy Irene Kovar (86), were behind a $12 million dollar Ponzi scheme.
Profit Connect provides no information on its website about who owns or runs the company. On its website, Profit Connect markets itself as ‘a leading Supercomputer – Artificial Intelligence Software company with headquarters located in Las Vegas, Nevada.’ Further research reveals Profit Connect marketing videos narrated by Eddie Kona. According to Kona, he’s a co-founder [Continue reading…]
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