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Centra Tech ICO Founder Pleads Guilty To Fraud
Summary: The co-founder of a digital currency scam that bilked $32 million from investors has pleaded guilty to fraud. Robert Farkas, founder of Centra Tech, will have his day in court next week. Farkas faces charges of securities and wire fraud for his role in the ICO scam. Together with his fellow co-founder Sohrab Sharma, he ...
The co-founder of a digital currency scam that bilked $32 million from investors has pleaded guilty to fraud. Robert Farkas, founder of Centra Tech, will have his day in court next week.
Farkas faces charges of securities and wire fraud for his role in the ICO scam. Together with his fellow co-founder Sohrab Sharma, he raised over $32 million from investors. The two sold worthless tokens after luring investors with fake deals and partnerships as well as celebrity endorsements.
Tracy Chen
