The Commission on securities and exchange Commission (SEC) has accused another co-founder of cryptocurrency project Centra Tech organization fraudulent ICO. This was reported on the website of the Department.
The primary offering of coins blockchain startup Centra Tech at the time, actively promoted the multiple world Boxing champion Floyd Mayweather. However, in December last year against Centra was filed a class-action lawsuit investors who accused the project of violating U.S. law on securities.
Also the organizers of the ICO was charged with that they have introduced investors to the misconception about the relationship of a startup with the payment services Visa and Mastercard, as well as in placement on its web site about information about team members. The creators of the startup promoted Centra debit card Card, but according to the SEC no partnership between Centra and the payment giants did not exist.
The lawsuit was filed in just over a month after the project has left two of its founder — Sohrab Sharma and Raymond Trapani.
“We affirm that the founders of the Centra made a huge effort to create the false impression that they have developed a viable and advanced technology, — said the head of the Department of cybersecurity the SEC Robert Cohen. — Investors should exercise caution in relation to investments in digital assets, especially when their sales are accompanied by promises that seem too good to be true”
The third mentioned in the press release of the SEC participant of Centra was his “main inspiration” Raymond Trapani. Among other things, he is accused of manipulating the trade tokens Centra (CTR) to artificially maintain their price.
Representatives of the Ministry said that the confirmation of the charges has been found in personal correspondence of suspects.
The SEC is seeking to recover from detainees $32 million, interest and penalties, and to forbid them to occupy leadership positions and participate in the distribution of any securities.
Unfolding in the past time around the project Centra events had a sharply negative impact on the rate of tokens CTR:
We will remind, in early April, the SEC suspended tocancel Centra, accusing the co-founders of the project of Sohrab Sharma and Robert Farkas the appropriation of $32 million, “obtained through the sale of unregistered securities”.