One More Accused in Centra Tech Fraud Investigation

[kreslik.news]

The US Securities and Exchange Commission has issued a press release regarding the investigation into Centra Tech, a company which raised $32 million through an allegedly fraudulent ICO.

The release names Raymond Trapani as a third defendant. He joins Centra Tech co-founders Sohrab “Sam” Sharma and Robert Farkas in the dock. Sharma and Farkas were both arrested on the 1st of April.

Centra Tech advertised itself as a provider of cryptocurrency debit cards. However, the SEC alleges that these products never really existed. Robert A. Cohen, Chief of the SEC Enforcement Division’s Cyber Unit, said: “We allege that ... (read more)