Centra Tech founder Sharma took $36 million from investors fraud, wire fraud and mail fraud as part of an initial coin offering scheme. Sam Sharma, Co-founder of Centra Tech, has been sentenced to jail for eight years after pleading guilty to operating an initial coin offering. Courts ordered the Centra co-founder to forfeit $36 million in ill-gotten The project raised over $25 million in an initial coin offering (ICO) in before it was For the best experience, top crypto news at your fingertips and. Centra co-founder found guilty of fraud Over the course of the legal proceedings, Sharma has pled guilty to committing fraud of several accounts centra coin news wire fraud, mail fraud and securities fraud. Farkas, along with gpu mining rig colleagues at a luxury rental car company, formed Centra Tech, a crypto financial services company, in centra coin news claimed to offer a debit card that converted cryptocurrencies into dollars. Top Coins. In order to solicit investors centra coin news help fund the scheme unwittingly, the co-founders committed illegal activity promoting the project in an ill manner, misrepresenting false information. Conclusion Finally, to sum up, the Centra Tech case and its fraudulent activity was not a surprise for the crypto-industry and for those, who are involved in the market for a long period already.