Ilant Graff News Today

Cryptocurrency has increased in popularity, which has led to more frequent— and sophisticated — schemes in recent years as scammers look to take advantage of investors.

US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit $36,088,960. Material Misrepresentations Prior to Sharma’s sentencing, the U.S. Department of Justice (DOJ) similarly a...