Earlier today, Nathaniel Poppers from the New York Times reported that the founders of an ICO
called Centra were arrested for distributing securities without the authorization from the US Securities and Exchange Commission (SEC).
An Instagram post uploaded yesterday, features the DJ holding a new cryptocurrency debit card
called Centra,
The ICO in question this time is
called Centra, a crypto credit card startup which is holding a coin offering later this month.
A company
called Centra Tech «masterminded» a fraudulent ICO that raised $ 32 million selling «unregistered securities,» the complaint alleges.
Sohrab «Sam» Sharma and Robert Farkas were the operators of an initial coin offering that — according to a Securities and Exchange Commission complaint filed today in the District Court of Southern New York — fleeced investors out of more than $ 32 million though a business
called Centra Tech.
Not exact matches
Centra, a startup that raised over $ 30 million this year through a so -
called «Initial Coin Offering» promoted by celebrities including boxer Floyd Mayweather Jr., is the target of a class action lawsuit that seeks the return of investor funds.
Mr. Mayweather, who has promoted three different tokens —
Centra, Stox and Hubiits — has even taken to
calling himself Crypto Mayweather in social media posts, a play on his better - known nickname, Money Mayweather.
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.