The SEC also alleges that to promote the ICO, Sharma and Farkas created fictional executives with impressive biographies, posted false or misleading marketing materials to Centra's website, and paid celebrities to tout the ICO on social media. (zdnet.com)
The charges were brought when the SEC discovered the company has no agreement with either MasterCard or Visa to support their prepaid cards and also for having falsified impressive biographies and creating false or misleading marketing materials. (bitcoinnews.international)
The SEC also alleges that Sharma and Farkas created «fictional executives with impressive biographies» to promote the ICO to investors. (businessinsider.my)