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A group of Centra Tech Inc. investors tried for the second time to get their proposed class certified Wednesday in a suit over a fraudulent $32 million initial coin offering, telling a Florida federal judge that they had revised their class definition and had obtained documents that could easily identify class members.
Students for Trump founder John Lambert sentenced to 13 months for posing as lawyer Stephen Rex Brown, New York Daily News © Alec Tabak/for New York Daily News John Lambert, the co-founder of Students for Trump, is seen arriving at the Thurgood Marshall Courthouse on August 6, 2019 in New York. He was a Student For Trump, but definitely not a lawyer. A judge slammed the founder of Students for Trump as a “cold-blooded fraudster” before sentencing him to 13 months in prison for posing as a lawyer. John Lambert, 25, pretended to be Eric Pope of the Manhattan-based firm Po...
Sohrab ‘Sam’ Sharma was also ordered to forfeit more than $36 million. The co-founder of a Miami-based firm that claimed to offer cryptocurrency-related financial products has been sentenced to eight years in prison for his role in a scheme that took more than $25 million from victims investing in the company’s digital funds. Sohrab “Sam” Sharma pleaded guilty to conspiring to commit securities fraud, wire fraud, and mail fraud in connection with material misrepresentations and omissions used to solicit investors to buy digital tokens issued by Centra Tech, the company he co-founded...
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 Far...
Centra Tech Co-founder Bags 8-Year Jail Term For ICO Scam Last Updated: 05 March 2021 The co-founder of the fraudulent crypto investment firm, Centra Tech, Sohrab Sharma has been sentenced to eight years in prison for his role in duping investors out of more than $25 million. Ilan Graff, the Deputy United States Attorney for the Southern District of New York described Sharma as a fraud who co-founded a startup with the intention of deceiving investors with bogus business partnerships, bogus licenses and fake crypto-related financial products. Sharma Dupes Investors Of Mill...