The Profit Connect Receiver has filed a clawback lawsuit against twenty net-winner promoters.

Profit Connect was a $12 million MLM Ponzi scheme run by Brent Kovar (right).

The SEC filed civil fraud charges against Kovar in July 2021. Kovar settled with the SEC in December 2021.

Kovar was then indicted on Profit Connect criminal charges in February 2025. The Profit Connect criminal case is still playing out.

The Receiver’s latest clawback lawsuit was filed on August 15th in the District of Nevada.

Named Profit Connect promoter defendants in the Receiver’s lawsuit are:

  1. Arnold Thompson, a resident of North Carolina and accused of misappropriating $743,715
  2. Eric Garrison, a resident of Nevada and accused of misappropriating $721,394
  3. John Guetterman, a resident of North Carolina and accused of misappropriating $203,634
  4. Shane Ryan, a resident of Connecticut and accused of misappropriating $143,133
  5. Stan Pophal, a resident of Wisconsin and accused of misappropriating $118,131
  6. Brandon Moody, a resident of California and accused of misappropriating $102,010
  7. David Williams, a resident of North Carolina and accused of misappropriating $87.936
  8. Koko Hunt, a resident of Hawaii and accused of misappropriating $65.611
  9. Jennifer Knight, a resident of California and accused of misappropriating $58,400
  10. Talmadge Peterson, a resident of California and accused of misappropriating $51,034
  11. Brian Smith, a resident of Missouri and accused of misappropriating $43,806
  12. John Giger, a resident of Arizona and accused of misappropriating $41,751
  13. Michael Martin, a resident of California and accused of misappropriating $41,067
  14. Verlyn Harris, a resident of Utah and accused of misappropriating $39,951
  15. Bethany Voydat, a resident of Nevada and accused of misappropriating $37,622
  16. Omega Electric, a Nevada company and accused of misappropriating $36,841
  17. David Bruerd, a resident of Nevada and accused of misappropriating $36,401
  18. Brian Fouts, a resident of Idaho and accused of misappropriating $32,350
  19. Jeff Stephan, a resident of Oregon and accused of misappropriating $31,634
  20. William Divine, a resident of California and accused of misappropriating $59,716

The transfers to Defendants described above were made from the fruits of the Kovars’ fraudulent scheme; specifically, these transfers were made from

(1) principal investment money from new investors;

(2) existing investors’ principal investment money; and

(3) additional principal investment money from existing investors.

Specific claims made against the twenty promoter defendants are fraudulent transfers, unjust enrichment and legal costs. The Receiver has asked the court to enter judgment against the promoters, for the amounts misappropriated.

Rather than pay back the money they stole through Profit Connect, David Bruerd, Bethany Voydat and John Guetterman filed respective Motions to Dismiss on September 16th, September 18th and September 25th.

William Divine appears to have settled with the Receiver, prompting a Stipulation to Dismiss filed on October 23rd.

The Receiver filed a motion seeking an entry of default from the court clerk on October 31st.

The Profit Connect Receiver’s latest clawback lawsuit follows

As of February 2022, the Profit Connect Receiver had recovered around $9.1 million. In December 2024 the Receiver was granted permission to make an interim claim distribution of $8 million.

Stay tuned for updates as BehindMLM continues to track the latest Profit Connect clawback lawsuit.