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Author Topic: [2018-05-15] US Court Indicts Founders of Crypto Company for Fraudulent Scheme  (Read 13 times)
limek
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May 16, 2018, 01:51:55 AM
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A US federal court has indicted three founders of a company purported to offer cryptocurrency-related financial products and have raised $25 million in an initial coin offering. In addition to claiming to have licenses in 38 states, the company also claimed partnerships with Bancorp, Visa, and Mastercard to issue its own cards.

Three Founders Indicted

The US Department of Justice (DOJ) announced on Monday that the founders of a cryptocurrency-related company have been indicted in the Manhattan federal court.

Florida residents Sohrab Sharma, 27, Raymond Trapani, 27, and Robert Farkas, 31, are co-founders of a startup called Centra Tech. The company purported to offer cryptocurrency-related financial products including the Centra Card, a debit card which supposedly “allowed users to spend various types of cryptocurrency to make purchases at any establishment that accepts Visa or Mastercard payment cards,” the DOJ described.

Read more: https://news.bitcoin.com/us-court-indicts-founders-of-crypto-company-for-fraudulent-scheme/

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