Brent Kovar Found Guilty in Profit Connect Case
Profit Connect founder Brent Carson Kovar has been found guilty on all eighteen counts. A jury trial that began on August 11 ended with the verdict on August 24, 2026.
Overview of the Profit Connect Scheme
Profit Connect was an MLM Ponzi scheme launched in 2018. The company was first fronted by Eddie Kona. Kona died in late May 2021. By the time criminal charges were filed, calculated investor losses had risen above $24 million.
SEC Civil Fraud Charges
The SEC filed civil fraud charges against Profit Connect, Brent Kovar, and his mother Joy in July 2021. The agency alleged the scheme was a Ponzi operation that raised more than $12 million. Brent Kovar and his mother settled the civil case with the SEC in December 2021.
Criminal Indictment and Guilty Verdict
Criminal charges against Brent Kovar were filed in February 2025. The indictment listed twelve counts of wire fraud, two counts of mail fraud, and two counts of money laundering. On August 24, a jury returned a guilty verdict on every count.
Sentencing Outlook
Sentencing has not yet been scheduled. Kovar is believed to be 59 years old. Each count of wire fraud, mail fraud, or money laundering carries a maximum penalty of 20 years in prison. Further updates will follow once a sentencing date is set
