Tag: Centra Tech

April 20, 2018 BY LeapRate Staff

Charges against co-founder Raymond Trapani added in $32 million fraudulent Centra Tech ICO

The U.S. Securities and Exchange Commission has announced additional fraud charges stemming from an investigation of Centra Tech Inc.’s $32 million initial coin offering (ICO) In an amended complaint filed today, the SEC charged one of Centra’s co-founders, Raymond Trapani, in a fraudulent scheme related to Centra’s 2017 ICO, in which the company issued “CTR…

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April 03, 2018 BY LeapRate Staff

Co-founders of fraudulent Centra Tech ICO Sam Sharma and Robert Farkas charged and arrested

The U.S. Securities and Exchange Commission (SEC) has announced that it has charged two co-founders of a purported financial services start-up with orchestrating a fraudulent initial coin offering (ICO) that raised more than $32 million from thousands of investors last year.  Criminal authorities separately charged and arrested both defendants. The SEC's complaint alleges that Sohrab “Sam”…

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