Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Las Vegas Businessman Convicted in $24M AI Crypto Ponzi Scheme

Guavy AI Editorial Team
Share

A Las Vegas businessman has been convicted of running a $24 million Ponzi scheme involving an 'AI supercomputer' cryptocurrency.

The scheme promised investors high returns through the use of artificial intelligence, but instead, funds were allegedly misappropriated and used for personal gain.

The businessman, who was not named in the source, faces up to 20 years in prison and a $250,000 fine. The conviction marks a significant blow to the cryptocurrency community, highlighting the ongoing risks of investment scams.

More on Crypto

Crypto just now

Treasury Buybacks Spark Fresh Bitcoin Bull Market, Hayes Predicts $110,000 Price Tag

Crypto just now

Standard Chartered Distributes First Regulated Stablecoin HKDAP in Hong Kong

Crypto 1m ago

Apeing Presale Timelines Diverge from Treasury's Proposed GENIUS Act Rules

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy