DJ Khaled and Floyd Mayweather promoted his 2017 ICO; Now, he faces a year behind bars
Cointelegraph
Published Dec 15, 2020 02:56PM ET
Updated Dec 15, 2020 05:00PM ET
A Manhattan court has sentenced the operator of the fraudulent crypto investment firm Centra Tech to a year and a day in prison.
Per a Tuesday announcement from the Department of Justice, Robert Farkas successfully solicited $25 million in investment during the 2017 initial coin offering boom. The ICO famously included promotion from boxer Floyd Mayweather and musician DJ Khaled, both of whom got in legal trouble for failing to disclose that they were paid for their participation.
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Written By: Cointelegraph
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