Centra Tech Sohrab Sharma sentenced to 8 years over celeb-hyped ICO scam
Sohrab Sharma, the co-founder of Centra Tech, reportedly relied on fake partnerships and endorsements from celebrities like boxing champion Floyd Mayweather to lure investors.
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Centra Tech: Founder of celeb-hyped ICO gets jail time
Robert Farkas, the founder of Centra Tech, will also have to forfeit $347,000 he gained from his fraudulent operation.
Centra Tech founder deserves ‘substantial’ prison time: US prosecutors
In their sentencing memorandum, prosecutors laid out their arguments as to why Robert Farkas deserved a heavy prison sentence.
Centra Tech ICO scam co-founder pleads guilty
The third cofounder of $32 million digital currency scam Centra Tech has changed his plea and is set to plead guilty to avoid his scheduled November hearing.
Centra Tech founder faces 10 years in jail after guilty plea
Robert Farkas, the co-founder of Centra Tech has pleaded guilty to two counts of fraud, each carrying a five year sentence for his role in the $32 million scam.
Centra Tech ICO founder pleads guilty to fraud
The co-founder of Centra Tech, a digital currency scam that raised $32 million in its ICO after celebrity endorsements, has agreed to plead guilty to fraud.
Mayweather-backed Centra Tech crypto scam victims fight back in court
The crypto scheme, backed by celebrities including Floyd Mayweather and DJ Khaled, is accused of running an ICO scam with the intent of defrauding unsuspecting investors.
Centra Tech investors waited too long to file ICO fraud suit
Investors who filed suit in Florida to have their case certified as a class-action lawsuit have been denied by U.S. District Judge Robert N. Scola, Jr.
Floyd Mayweather, DJ Khaled escape Centra Tech ICO lawsuit
Floyd Mayweather, DJ Khaled, and two Centra Tech employees escaped repercussions with respect to a lawsuit filed against the startup’s fraudulent ICO.
Floyd Mayweather, DJ Khaled facing lawsuit over ICO
After the Securities and Exchange Commission (SEC) shuts down the Mayweather-backed ICO over fraud charges, the boxing champ might have to respond personally for his involvement.
Founders of crypto startup Centra Tech indicted for fraud
Three people allegedly behind the cryptocurrency startup Centra Tech have each been charged with securities fraud, two counts of conspiracy and wire fraud.
Third man in Mayweather-backed $32M ICO faces fraud charges
One of Centra’s co-founders, Raymond Trapani, was charged with violating the anti-fraud and registration provisions of the federal securities laws in connection with the 2017 ICO.