Founders of Centra Tech ICO Indicted for running Fraudulent ICO

The three co-founders of the ICO Centra Tech have been formally indicted for running a fraudulent ICO, according to a statement from the U.S. Department of Justice. All three are facing charges of securities fraud, wire fraud and two conspiracy counts.

The defendants, Sohrab Sharma, Robert Farkas, and Raymond Trapani,  raised $32 million from investors in 2017. They apparently misled investors by falsely claiming that their company had partnered with Visa and MasterCard to issue virtual currency debit cards.

Centra Tech was previously promoted by DJ Khaled.


Boyan Josic is the Founder & CEO of Mogul Media, and the editor of JOSIC Media. Boyan also serves as an advisor to Aeron, SignIX, Velix.ID, and Energy Premier. 

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