Sohrab Sharma and Robert Farkas, the co-founders of Centra Tech, were charged by the U.S. Securities and Exchange Commission. The agency alleged that the startup has made $32 million on the sale of unregistered securities. The ICO was endorsed by celebrities including boxer Floyd Mayweather. The startup fraudulently promoted the product and claimed to establish financial products.
SEC charges co-founders of Centra Tech on ICO fraudIncryptsApr 03, 20180
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