Centra Tech Co-Founder Handed Prison Term for $25M Crypto Fraud

Centra Tech Co-Founder Handed Prison Term for $25M Crypto Fraud
U.S. District Court for the Southern District of New York
(elbud/Shutterstock)

Robert Farkas, a co-founder of the cryptocurrency firm Centra Tech, has been sentenced to one year and one day in prison for conducting an illegal initial coin offering (ICO) that fleeced investors for $25 million.

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