Home » Co-founder of Centra Tech to Plead Guilty in $25 Million Scam

Co-founder of Centra Tech to Plead Guilty in $25 Million Scam

The second of the three co-founders of cryptocurrency firm Centra Tech Sohrab Sharma is reportedly planning to plead guilty in $25 million ICO scam.
news - Co-founder of Centra Tech to Plead Guilty in $25 Million Scam

The second of the three co-founders of cryptocurrency firm Centra Tech, Sohrab Sharma, is reportedly planning to plead guilty in $25 million ICO scam.

news - Co-founder of Centra Tech to Plead Guilty in $25 Million Scam

Sharma may avoid a November trial date as his lawyers told a federal judge he would be interested in changing his plea.

Earlier, another one Centra Tech’s co-founder Robert Farkas was convicted of conspiring to commit securities and wire fraud on June 16. Farkas faces up to 87 months in prison and a $250,000 fine.
The case of the third co-founder is still scheduled for trial in November.

Three founders of Centra Tech scam — Sharma, Farkas, and Raymond Trapani — were arrested in April 2018. The company claimed about partnerships with major firms, including credit card giant Visa to dupe people into investing in Centra Tech’s ICO.

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