US Prosecutors Seek ‘Substantial’ Prison Sentence for Centra-Tech Co-Founder ...
According to court documents, U.S. federal prosecutors are asking that one of Centra Tech’s co-founders, Robert Farkas, be sentenced to prison instead of his request for home confinement and community service.
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The U.S. government is seeking harsh sentencing for the founder of the company behind a fraudulent, celebrity-promoted initial coin offering from 2017. U.S. federal prosecutors are pushing for a heavy prison sentence to be levied against one of the founders of Centra Tech — the company behind a notorious initial coin offering (ICO) in 2017 that was promoted by professional boxer Floyd Mayweather and musician DJ Khaled.In a government sentencing submission filed on Oct. 31, the government requested that U.S. District Judge Lorna Schofield sentence Centra Tech co-founder Robert Joseph Farkas....
Robert Farkas will face the lightest felony sentence possible for his role in Centra Tech's 2017 ICO. A Manhattan court has sentenced the operator of the fraudulent crypto investment firm Centra Tech to a year and a day in prison.Per a Tuesday announcement from the Department of Justice, Robert Farkas successfully solicited $25 million in investment during the 2017 initial coin offering boom. The ICO famously included promotion from boxer Floyd Mayweather and musician DJ Khaled, both of whom got in legal trouble for failing to disclose that they were paid for their participation.On top of....
Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO). Additionally, the court has ordered Sharma to forfeit $36,088,960. Material Misrepresentations Prior to Sharma’s sentencing, the U.S. Department of Justice (DOJ) similarly announced the jailing of Robert Joseph Farkas, another mastermind of Centra Tech. Both Sharma and Farkas are accused of using fabricated business relationships with legitimate....
Carl Mark Force IV was sentenced to 6.5 years in prison today. While Force's defense asked for a sentence beneath statutory guidelines as it contended that Force's behavior was caused by alcoholism and mental health issues, Judge Richard Seeborg is said to have been highly skeptical of this excuse. In addition to the prison sentence, Force will need to pay $340,000 in restitution. Thanks to Motherboard's Sarah Jeong (@sarahjeong) for reporting on the scene. The U. S. District Court for the Northern District of California is set to sentence 46-year-old Silk Road investigator Carl Mark Force....
Former U. S. federal agent Carl Force has been sentenced to 78 months in prison. The sentence is substantially more than the four years of prison time sought by his attorneys while less than the 87-month prison sentence requested by U. S. prosecutors. After pleading guilty to bitcoin theft and extortion during the government investigation of dark web drug marketplace Silk Road, rogue federal agent Carl Force IV has been sentenced to six and a half years in prison after admitting to charges of money laundering, extortion and obstruction of justice. Force's defense claimed mental health....