• Floyd Mayweather-backed Centra Tech ICO founders indicted for fraud

    6 monthes ago - By TechCrunch

    The founders of Centra Tech , a company that raised a $32 million ICO, have been indicted for wire fraud and securities fraud, charges that could lead to a minimum of five years in jail.
    The founders, Raymond Trapani, Sohrab Sharma, and Robert Farkas, were found guilty of trying to defraud investors with their ICO. The primary fraudulent statement concerned Centra Tech's fake partnerships with Visa and MasterCard to help sell tokens. The team, wrote Robert Khuzami , Attorney for the United States in the Southern District of New York, “purported to offer cryptocurrency-related financial...
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