Sentences with phrase «centra sold»

«We allege that Centra sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» said Stephanie Avakian, Co-Director of the SEC's Division of Enforcement.

«We allege that Centra sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» said Stephanie Avakian, co-director of the SEC's Division of Enforcement in a statement.

We allege that Centra sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses.

Centra sold $ 32 million in «CTR Tokens» to investors in September, saying it planned to create a cryptocurrency debit card backed by Visa and Mastercard that could be used at stores just like a credit card.

«We allege that Centra sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» Stephanie Avakian, codirector of the SEC's Division of Enforcement, said in a statement.

Not exact matches

A company called Centra Tech «masterminded» a fraudulent ICO that raised $ 32 million selling «unregistered securities,» the complaint alleges.

''... in connection with Centra Initial Coin Offering (the «Centra ICO»), Defendants raised over $ 30 million in digital cryptocurrencies by offering and selling unregistered securities in direct violation of the Securities Act.»

The agency said it charged Sohrab Sharma and Robert Farkas, the co-founders of Centra Tech, with fraud after they raised $ 32 million by selling «unregistered securities.»

The agency has charged the founders of Centra Tech with selling unregistered securities, accusing Sohrab Sharma and Robert Farkas of falsely claiming that proceeds from the ICO would go towards developing new technology backed by Visa and Mastercard.

Centra Tech offers blockchain products such as a Wallet to store digital assets, a Prepaid Card to spend the digital assets, and three soon to be released products and services, which include a Marketplace to buy goods with the digital assets, a cryptocurrency Exchange Platform to buy, sell and trade digital assets, and a open - source hyper speed DPoS Blockchain.

«We allege that Centra [Tech] sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses,» Securities and Exchange Commission's enforcement division co-director, Stephanie Avakian, said.

The Securities and Exchange Commission of the United States (SEC) has accused two founders of the Centra cryptocurrency project of organizing a fraudulent ICO, appropriating investors» funds and selling unregistered securities.

The SEC alleges that the two co-founders of Centra, Sohrab «Sam» Sharma and Robert Farkas, offered and sold fraudulent and unregistered investments via a digital token called CTR.

• Ability to instantly buy and sell supported digital assets within the Centra Wallet using a linked bank account (no more wait times).

Centra Tech, an innovative blockchain company, is developing a blockchain platform that will deliver the world's first convenient and cost - effective avenue where customers can effectively buy and sell products with cryptocurrency in an online marketplace.

Sharma and Farkas are accused of raising $ 32 million by selling «unregistered securities» during the Centra ICO, which was promoted by boxing champ Floyd Mayweather and record producer DJ Khaled.

The action states state that «Between approximately July 30, 2017, and approximately October 5, 2017,» Centra violated the Securities Act through «rais [ing] over $ 30 million in digital cryptocurrencies by offering and selling unregistered securities.»