Cryptocurrency Founders backed by Floyd Mayweather & DJ Khaled indicted.

As reports show the 3 co-founders ( Sohrab Sharma, Raymond Trapani, and Robert Farkas) of Centra Tech stand against the grand jury on charges of wiring and security fraud.

In 2017, the company developed $32 million in an ICO ( Initial Coin Offering).  the U.S. Attorney’s office stated Authorities collected over 91,000 coins, worth around at least $60 million. Robert Khuzami a U.S. Attorney provides in a statement. “They allegedly made false claims about their product and about relationships they had with credible financial institutions, even creating a fictitious Centra Tech CEO. Whether traditional or cutting-edge, investment vehicles can’t legally be peddled with falsehoods and lies.”