SEC Halts Mayweather-Endorsed ICO, Charges Founders With Fraud
The U.S. Securities and Exchange Commission has halted the Floyd Mayweather-supported Centra Tech initial coin offering.
Centra Tech one of the most storied scams of the the 2017 ICO bubble. Its founders have fallen like dominoes since.
Previously convicted lobbyist Jack Abramoff has pleaded guilty to knowingly promoting an alleged crypto fraud with false and misleading information.
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.
U.S. prosecutors are seeking to pause the SEC's civil action against Blockchain Terminal founder and alleged $30 million ICO fraudster Boaz Manor to complete their own criminal prosecution.
The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.