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US Securities and Exchange Commission: Mother-son pair stole $12 million by promising to invest in artificial intelligence in cryptocurrencies


What do artificial intelligence, supercomputers and cryptocurrencies have in common? They are hot topics that few people really understand. Oh, and the Securities and Exchange Commission (SEC) Say They were all used in a Ponzi scheme that raised $12 million from at least 277 retail investors.

The US Securities and Exchange Commission accused 86-year-old Joy Kovar and her 54-year-old son Brent of raising funds for a company called Profit Connect Wealth Services, “assure investors of their funds Will invest in securities trading and cryptocurrencies according to the recommendations “manufactured by’artificial intelligence supercomputers’ starting at least May 2018”


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