Sentences with phrase «said centra»

The SEC said Centra had no relationships with either Visa or Mastercard.

While the ICO startup claimed the funds would go toward developing financial products backed by Visa and Mastercard, the SEC said Centra had no relationship with either payment card network.

Mr. Sharma said Centra was planning to issue its first batch of debit cards this year, regardless of the denials of Visa and Mastercard, and would unveil its broader technology in November.

Not exact matches

Centra said it planned to create a debit card that allowed cryptocurrency to be spent through established credit card networks.

Centra claimed to the Times that Mayweather's endorsement of their project was part of an ongoing business relationship, but a spokesman for Mayweather said his endorsement was a one - off deal, paid for in cash.

Mr. Trapani said Mr. Mayweather was so intrigued by Centra's technology that he wanted to be paid in Centra tokens, and wanted to be a partner for future business ventures.

Mr. Sharma said that he couldn't speak to the case because it was still going on, but that it should not have any effect on Centra.

Steve Peikin, Co-Director of the SEC's Division of Enforcement, took Centra and its co-founders practices to task in his press release saying.

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.»

Centra raised $ 32m in an ICO during the summer of 2017 and said investors would access a new digital currency exchange and a virtual currency debit card, which would operate on the Visa and Mastercard networks.

«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.

«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.

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,» said Stephanie Avakian, co-director of the SEC's Division of Enforcement in a statement.

In a statement on its website, the Binance team says that this «special announcement» is due to the «high risk associated with the CTR token» after the revelation of «controversial and fraudulent acts by members associated with the Centra Tech team».

«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.