Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud
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One of Centra Tech’s founders is entering into plea negotiations concerning the company’s fraudulent 2017 initial coin offering.
Robert Farkas is negotiating a plea bargain for his role in the fraudulent Centra Tech initial coin offering (ICO) that commissioned celebrity endorsements from Floyd Mayweather Jr and DJ Khaled.
U.S. District Judge Lorna Schofield has granted Farkas’ attorneys’ request to schedule a plea hearing for next week, with details of the proposed plea yet to be disclosed.
The trials of Farkas and fellow Centra founder Sohrab Sharma were delayed until September as the coronavirus lockdown took effect during March.
Readmore: https://cointelegraph.com/news/founder-of-floyd-mayweather-promoted-ico-to-plead-guilty-to-fraud