SEC Charges Third ‘Mastermind’ In Centra Tech ICO Fraud
The U.S. Securities and Exchange Commission (SEC) has announced charges against a third partner in an investigation of Centra Tech Inc.’s alleging that was a fraudulent securities offering. In an amended complaint, the commission charged Raymond Trapani, a Centra co-founder. The SEC previously charged Sohrab Sharma and Robert Farkas, two other co-founders, for their roles in the fraudulent scheme. Stephanie Avakian, Co-Director of The SEC's Division of Enforcement stated:
“We allege that Centra sold investors on the promise of new digital technologies by using a sophisticated marketing campaign to spin a web of lies about their supposed partnerships with legitimate businesses. As the complaint alleges, these and other claims were simply false.”
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