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SEC Files Charges Related to Centra Tech ICO
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News Roundup
SEC Files Charges Related to Centra Tech ICO

SEC Files Charges Related to Centra Tech ICO

Fintech Nexus Staff·
News Roundup
·Apr. 3, 2018·1 min read

Gizmodo shares the story of an ICO operated by Sohrab “Sam” Sharma and Robert Farkas; the company paid for endorsements from Floyd Mayweather Jr. and DJ Khaled and also lied about relationships with Visa, Bancorp and MasterCard; Centra Tech also lied about executives at the company who were allegedly made up people; the ICO was listed on exchanges such as Binance and Cryptopia; the filing asks the operators to return the money they received and aims to prevent them from serving as officers of a public company or participate in any securities offering; Farkas was arrested before trying to leave the country. Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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