Prosecutors seek harsh sentence for fraudster behind celeb-spruiked ICO
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....
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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.
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....
Ross Ulbricht, the 29-year-old alleged mastermind behind the now-defunct online black market Silk Road has been indicted on charges related to computer hacking, drugs and money laundering, federal prosecutors revealed on 4th February. Notably, prosecutors found that Ulbricht engaged in "continuing criminal enterprise," a charge typically reserved for mafia members and high-profile gangsters, and sometimes referred to as "the kingpin statute". The charge adds 20 years to Ulbricht's minimum sentence, and carries a potential life sentence. Ulbricht faces a maximum life sentence for the crimes....
Carl Force IV, the US Drug Enforcement Agency (DEA) agent who pled guilty this summer to charges of extortion, money laundering and obstruction of justice, is set to be sentenced this Monday. Working as part of a federal task force investigating the Silk Road, Force went rogue amidst the US government's investigation of the now-defunct online dark market. He pled guilty in July. The sentencing hearing is set for 2 PM PST on 19th October at the US District Court for the Northern District of California, presided by Judge Richard Seeborg. The government has asked the court to impose a prison....
Ali Shukri Amin has been sentenced to 11 years and four months in prison, according to the US Justice Department. A Virginia teenager who offered online advice on how to use bitcoin to fund terrorist group ISIL is to be sentenced today. Federal prosecutors asked US District Court Judge Claude Hilton to sentence 17-year-old Ali Shukri Amin to 15 years in prison after he pled guilty in June to a charge of providing material support to ISIL. In a statement of facts from June, prosecutors said Amin used social media to promote ISIL and discussed "ways to establish a secure donation system"....