A federal jury convicted Brent Kovar of wire fraud, mail fraud and money laundering. Kovar took roughly $24 million from at least 400 investors, and the charges against him carry a potential sentence of up to 280 years in prison.
The verdict follows the conclusion of a trial focused on the money Kovar collected from investors and how he moved it. Jurors found him guilty on all counts, the details of which cover the three separate crimes the government alleged.
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