SEC charges co-founders of Centra Tech on ICO fraud

Crypto Exchange ICO News

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.

Leave a Reply

Your email address will not be published. Required fields are marked *