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Category: Centra Tech
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Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison
The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice (DOJ) announced Tuesday that Robert Joseph Farkas, also […]
The post Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison appeared first on Bitcoin News.
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Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO
The U.S. government is seeking harsh sentencing for the founder of the company behind a fraudulent, celebrity-promoted initial coin offering from 2017.
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Crypto Founder Sentenced to Seven Years in Prison for $25 Million Scam
A federal court in Manhattan sentenced the founder of a $25 million ICO scam to 87 months and a fine of up to $250,000.
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Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud
One of Centra Tech’s founders is entering into plea negotiations concerning the company’s fraudulent 2017 initial coin offering.
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Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud
Boxing superstar Floyd Mayweather and rap producer DJ Khaled face a legal battle for serving as celebrity endorsers to an initial coin offering (ICO) accused of fraud. The founders of the allegedly fraudulent ICO were arrested by American criminal authorities back in April. Also Read: The Daily: Goldman Sachs Invests in Wallet, Institutional Traders Borrow […]
The post Celebrity ICO Endorsers Face Legal Blowback Over Alleged Fraud appeared first on Bitcoin News.
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ICO Round-Up: Social Media Influencers Bypass Ad Ban, Centra Tokens Deemed Securities
Three stories dominate this week’s initial coin offering (ICO) round up: It appears many ICO projects are reaching out to social media influencers in an effort to thwart advertising bans across leading platforms. A study published by the China Banking Regulatory Commission (CBRC) suggested that the country develop a licenced-based regulatory apparatus that permits cryptocurrency […]
The post ICO Round-Up: Social Media Influencers Bypass Ad Ban, Centra Tokens Deemed Securities appeared first on Bitcoin News.
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US Court Indicts Founders of Crypto Company for Fraudulent Scheme
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. Also read: Yahoo! Japan […]
The post US Court Indicts Founders of Crypto Company for Fraudulent Scheme appeared first on Bitcoin News.
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