Centra Tech

Centra Tech Co-Founder Gets 8 Years for Crypto Fraud

Centra Tech co-founder has been sentenced to eight years for conducting an illegal initial coin offering (ICO) that fleeced investors for $25 million.

News  ·  5 March 2021

Centra Tech Co-Founder Handed Prison Term for $25M Crypto Fraud

The cryptocurrency firm had falsely claimed to have an impressive executive team, as well as 38 state money transmitter licenses.

Policy & regulation  ·  16 December 2020
ICO Fraud

US Prosecutors Seek ‘Substantial’ Prison Sentence for Centra Tech Co-Founder in $25M Fraud Token Sale

According to court documents, U.S. federal prosecutors are asking that one of Centra Tech’s co-founders, Robert Farkas, be sentenced to prison instead of his request for home confinement and community service.

News  ·  4 November 2020

Third Centra Tech Founder Pleads Guilty to ICO Fraud

Centra Tech one of the most storied scams of the the 2017 ICO bubble. Its founders have fallen like dominoes since.

News  ·  17 July 2020

Centra Tech Co-Founder Pleads Guilty to Fraud After $25M Token Sale

A co-founder of the celebrity-backed Centra Tech crypto scam has pleaded guilty to his role in the $25 million fraudulent ICO.

News  ·  16 June 2020

Floyd Mayweather, DJ Khaled Escape Lawsuit Brought By ICO Investors

Floyd Mayweather, DJ Khaled and two employees of the Centra Tech ICO project have been dismissed from an investor lawsuit by a federal judge.

Policy & regulation  ·  14 May 2019

US Judge Says Boxer-Backed ICO Token Is a Security

A Florida district court has published an analysis explaining how Centra Tech's CTR token is a security. 

Policy & regulation  ·  28 June 2018

Founders of ICO Endorsed By Floyd Mayweather Indicted for Fraud

The U.S. Attorney for the Southern District of New York has announced that the co-founders of a Floyd Mayweather-backed ICO have been indicted.

Policy & regulation  ·  15 May 2018

SEC Halts Mayweather-Endorsed ICO, Charges Founders With Fraud

The U.S. Securities and Exchange Commission has halted the Floyd Mayweather-supported Centra Tech initial coin offering.

Policy & regulation  ·  2 April 2018