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US Prosecutors Indict Three Co-Founders Of Floyd Mayweather-Backed ICO For Fraud

Published 05/15/2018, 05:30 PM
Updated 05/15/2018, 07:02 PM
US Prosecutors Indict Three Co-Founders Of Floyd Mayweather-Backed ICO For Fraud

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.

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