Page 15 - Centra Tech News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ADVERTISEMENT Centra Tech Boss Gets 8 Years For $36M Crypto Scam Law360 (March 4, 2021, 9:31 PM EST) -- The founder of Centra Tech Inc. on Thursday was sentenced to eight years in prison over a scheme that conned victims into investing more than $36 million into the cryptocurrency company that claimed to offer a digital currency payment card. During an hours-long sentencing hearing conducted by videoconference that was marred at times by technical glitches, U.S. District Judge Lorna Schofield told the scheme's mastermind, Sohrab "Sam" Sharma, 29, that she was going relatively easy on him b...

Her Majesty's Treasury requests and requires the crypto industry's input on prospective regulation. In a Thursday announcement of open consultation, the United Kingdom's finance policy department is asking the crypto community to weigh in on a series of proposals: "The government invites views from a wide range of stakeholders, and particularly firms engaged in cryptoasset activities."  While Brexit formally came into effect early last year, New Year's Eve was the end of freedom to work and live between the United Kingdom and the European Union. The question lingers in today's consultation ...

Centra Tech Co-Founder Handed Prison Term for $25M Crypto Fraud U.S. District Court for the Southern District of New York Updated Dec 16, 2020 at 2:43 p.m. UTC Centra Tech Co-Founder Handed Prison Term for $25M Crypto Fraud Robert Farkas, a co-founder of the cryptocurrency firm Centra Tech, has been sentenced to one year and one day in prison for conducting an illegal initial coin offering (ICO) that fleeced investors for $25 million. The Miami-based company had purported to offer crypto-based financial products such as a debit card, according to a news release from the U.S. Attorney for the...

ADVERTISEMENT ADVERTISEMENT Crypto Grifter Gets Year For Role In $36M Centra Tech Fraud Law360, New York (December 15, 2020, 4:43 PM EST) -- A Manhattan federal judge on Tuesday sentenced a college dropout from Florida to a year and a day in prison for promoting a $36 million cryptocurrency fraud that included a bogus initial coin offering — sparing the Centra Tech Inc. scammer a longer sentence due to his relatively minor role. U.S. District Judge Lorna G. Schofield also ordered defendant Robert Farkas, 34, to forfeit $347,000 and a luxury watch given to him by his Centra Tech co-founder ...