Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud

Cointelegraph

Published Jun 11, 2020 12:36AM ET

Updated Jun 11, 2020 02:20AM ET

Robert Farkas is negotiating a plea bargain for his role in the fraudulent Centra Tech initial coin offering (ICO) that commissioned celebrity endorsements from Floyd Mayweather Jr and DJ Khaled.

U.S. District Judge Lorna Schofield has granted Farkas’ attorneys’ request to schedule a plea hearing for next week, with details of the proposed plea yet to be disclosed.

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