The three co-founders of cryptocurrency startup Centra Tech have been formally indicted for running fraudulent ICO, according to a statement May 14 from the U.S. Department of Justice.
According to the four-count indictment issued by the U.S. District Court in Manhattan, all three Centra Tech co-founders Sohrab Sharma, Robert Farkas, and Raymond Trapani are being charged with securities fraud, wire fraud and two conspiracy counts.
Centra Tech's Initial Coin Offering raised $32 mln from investors in 2017.
The Florida-based defendants had misled investors by falsely claiming that their company had partnered with Visa MasterCard to issue virtual currency debit cards.
Centra Tech was previously promoted by celebrities Floyd Mayweather and DJ Khaled.
Late last month, US Securities and Exchange Commission Commissioner Robert Jackson expressed criticism of ICOs in general, claiming that investors "Are having a hard time telling the difference between investments and fraud."
US Prosecutors Indict Three Co-Founders Of Floyd Mayweather-Backed ICO For Fraud
pubblicato su May 15, 2018
by Cointele | pubblicato su Coinage
Coinage
Notizie recenti
Vedi tutti
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.