The Securities and Exchange Commission has obtained final judgments on consent against Sohrab “Sam” Sharma, Robert Farkas, and Raymond Trapani in regards to Centra Tech and an initial coin offering (ICO) deemed to be an unregistered security by the SEC. The SEC states that Centra… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged centra, centra tech, enforcement, fraud, ico, sec
A civil case brought by investors against former heavyweight boxing champion Floyd Mayweather and celebrity DJ Khaled alleging they induced their social media followers to buy into a fraudulent ICO (initial coin offering) has been dismissed. Allegations of touting unregistered securities were also dismissed against… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged centra tech, dj khaled, floyd mayweather, ico, initial coin offering
The Securities and Exchange Commission (SEC) has settled charges against two high-profile initial coin offering (ICO) promoters. Music producer DJ Khaled and boxer Floyd Mayweather Jr. were cited for failing to disclose they were remunerated for promoting ICOs via their social media channels. The SEC… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Politics, Legal & Regulation | Tagged centra tech, dao, dj khaled, enforcement, floyd mayweather, ico, initial coin offerings, promotion, sec, stephanie avakian
Last week, while New York City saw thousands of cryptocurrency enthusiasts discuss the benefits of digital assets and blockchain, a House Financial Services subcommittee reviewed initial coin offerings with the leaders of the Securities and Exchange Commission (SEC) Enforcement Division. The Congressional Hearing provided a… Read More
Read more in: Blockchain & Digital Assets, Featured Headlines, Fintech, Opinion, Politics, Legal & Regulation | Tagged arisebank, bill huizenga, brad sherman, carolyn maloney, centra tech, enforcement, initial coin offerings, sec, securities and exchange commission, stephanie avakian, steven peikin, tom emmer
A note by Law360 indicates that defendants Sohrab “Sam” Sharma and Robert Farkas, co-creators of Centra Tech and an affiliated initial coin offering (ICO), have pleaded not guilty in the US District Court Southern District of New York. The Centra Tech ICO reportedly raised over $32… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged centra tech, ico, initial coin offering, lawsuit
The Securities and Exchange Commission (SEC) has released additional fraud charges affiliated with the Centra Tech $32 million initial coin offering (ICO) that raised money in 2017. Ealier this month, the SEC filed a complaint against Centra Tech, Sohrab “Sam” Sharma and Robert Farkas regarding… Read More
Read more in: Blockchain & Digital Assets, Offerings, Politics, Legal & Regulation | Tagged centra, centra tech, enforcement, floyd mayweather, fraud, robert farkas, sec, securities and exchange commission, sohrab sharma
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