Guwahati/ 15th May’2018 (Prag News Desk):
A 27 year old Indian-origin man along with two others was named in a multi-million dollar crypto currency scam. The Indian-origin man, along with two other co-founders of a start-up crypto currency company, have been indicted with a scheme to defraud investors, with authorities seizing digital currency worth more than USD 6o million raised from the victims as part of the scheme.
Sohrab Sharma, Raymond Trapani and Robert Farkas were the three co-founders of a start-up company Centra Tech.
A grand jury in the southern District of New York returned an indictment charging the three with conspiring to commit securities and wire fraud in connection with a scheme to induce victims to invest millions of dollars’ worth of digital funds for the purchase of unregistered securities, in the form of digital currency tokens issued by Centra.
The three men were arrested last month based on criminal complaints charging them with the same crimes. Attorney for the United States Robert Khuzami said.
Following their arrests, the Federal Bureau seized 91,000 ether units, consisting of digital funds raised from victims as part of the charged scheme. The seized digital currency is presently worth more than USD 60 million.
Sharma, 27, Trapani, 27 and Farkas, 31, are all residents of Florida. All three of them are charged in a four-count indictment that in all carries a total of 65 years of prison sentence.