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.
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.
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.
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.
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.