Centra Tech Co-Founder Pleads Guilty to Fraud After $25M Token Sale

[Paglamon]

The co-founder of the Centra Tech crypto project that at one time garnered A-list celebrity endorsements but was later called a scam in court, pleaded guilty Tuesday for conspiring to commit securities and wire fraud.

Robert Farkas, 33, admitted he and co-founders Sohrab Sharma and Raymond Trapani misrepresented Centra Tech’s true purpose as they worked to dupe investors out of more than $25 million, the Justice Department said in a press release.
Source: https://www.coindesk.com/centra-tech-co-founder-pleads-guilty-in-25m-ico-scam

[TomPluz]

This is a justice served to people victimized by the people behind Centra Tech. Funny, I can still remember that I actually supported the bounty campaign of this platform many years ago, and yet I receive nothing out of my hard work. Good for them and hope this can be serving as big lessons for many who are thinking of putting up scam/fraud projects.