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

Las Vegas Man Convicted in $24M AI Crypto Mining Ponzi Scheme

Guavy AI Editorial Team
Instruments
BTC
Share

A Las Vegas man has been convicted of orchestrating a $24 million AI crypto mining Ponzi scheme that lured investors with fake Bitcoin returns.

The verdict was handed down by a jury in Las Vegas, adding to the growing number of SEC crypto mining fraud cases and history of AI crypto mining Ponzi schemes convictions.

Prosecutors detailed how the operation mirrored prior AI crypto mining Ponzi schemes convictions and fit patterns in SEC crypto mining fraud cases from 2020-2025.

More on Crypto

Crypto just now

Warren Targets Trump's Cryptocurrency Venture with Banking Reform Bill

Crypto just now

Trump's Tariffs Spark US-Canada Trade War Escalation: Bitcoin Holds Firm

Crypto 2m ago

Treasury Buybacks Spark New Bitcoin Bull Run Predictions

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