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 announced the jailing of Robert Joseph Farkas, another mastermind of Centra Tech. Both Sharma and Farkas are accused of using fabricated business relationships with legitimate institutions to dupe investors.
In a statement, Ilan T. Graff, the Attorney for the United States, said Sharma had “led a scheme to deceive investors by falsely claiming that the start-up he co-founded had developed fully functioning, cutting-edge cryptocurrency-related financial products.”
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On Friday, February 23, 2021, Tawasaki Williams, 35, of Montgomery, was sentenced to 75 months (6 years 3 months) in prison for possession of a controlled substance with intent to distribute and possession of a firearm in furtherance of a drug trafficking crime, announced Acting U.S. Attorney Sandra J. Stewart. In addition to his prison sentence, Williams was ordered to serve three years of supervised release. There is no parole in the federal system. The sentence comes after Williams pleaded guilty to the charges in November of 2020.
According to court documents, on February 21, 2020, officers with the Montgomery Police Department stopped a vehicle being driven by Williams. Once Williams was stopped, he was removed from the vehicle along with a 5-year-old girl who was sitting in the back seat. During the stop, a K9 unit conducted a free-air search around the vehicle and gave a positive alert, indicating narcotics were present in the car. Officers searched the vehicle and located a
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:
Section 1. Purpose. The right to vote is the foundation of American democracy. Free and fair elections that reflect the will of the American people must be protected and defended. But many Americans, especially people of color, confront significant obstacles to exercising that fundamental right. These obstacles include difficulties with voter registration, lack of election information, and barriers to access at polling places. For generations, Black voters and other voters of color have faced discriminatory policies and other obstacles that disproportionally affect their communities. These voters remain more likely to face long lines at the polls and are disproportionately burdened by voter identification laws and limited opportunities to vote by mail. Limited access to language assistance remains a barrier for
Six or nine months from now, when the child credit needs to be extended, “pro-family” Republicans will be unified against it. Democrats need to be savage in their attacks on the GOP for that.
I’m grumpy about the minimum wage, (and that fight isn’t over), but I think Biden, Harris, and the team’s strategy folks are teeing up a powerful economic message, and total Republican opposition is really risky given the 70% across the board public support.
And the profligate waste of the Trump-Ryan tax cut helps wipe out all the deficit scold idiocy that is no-doubt coming.