Brent Kovar
Son of Joy Kovar and a 'recidivist' co-operator of Profit Connect, who promoted its fake 'AI supercomputer.' Charged civilly by the SEC in 2021 and later indicted on federal fraud and money-laundering charges in 2025.
Also known as: Brent Carson Kovar
Note: Brent Kovar's 2025 criminal indictment contains allegations that have not been adjudicated.
Bio
Brent Carson Kovar, a recidivist securities-law violator, helped operate and market Profit Connect, appearing in videos touting bitcoin-mining cards and the company's "AI supercomputer." The SEC said he received investor funds (including ~$353,000 used to buy a home). [1][2]
Status
The SEC charged Kovar civilly in July 2021; he was later indicted on federal fraud and money-laundering charges in 2025. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
Luke BelmarIndividualsCryptocurrency influencer Luke Belmar (@lukebelmar on X) became the subject of controversy following allegations related to the promotion of a memecoin. Critics on social media alleged that Belmar used a series of posts referencing a forthcoming cryptocurrency project and a large-scale airdrop to generate interest in a token without explicitly identifying a specific contract address. Belmar published multiple posts discussing an upcoming memecoin, describing plans for what he characterized as a major airdrop and making comparisons to other cryptocurrency projects. Because no contract address was publicly provided, several tokens emerged claiming association with his statements. Critics alleged that this ambiguity enabled speculation around multiple tokens while avoiding a direct endorsement of any particular asset.
HEX / PulseChain (Richard Heart)ProjectsCrypto projects (HEX, PulseChain, PulseX) created by Richard Heart (Richard Schueler). In July 2023 the U.S. SEC sued him for offering unregistered securities that raised $1B+ and for allegedly misappropriating ~$12M for luxury goods (including a 555-carat diamond). A court dismissed the case in 2024 for lack of U.S. jurisdiction; there was no finding of wrongdoing and Heart denies the allegations.
This page was last updated on Jun 15, 2026. View revision history.
