This new only show that the world is not taking crypto seriously.
This happened in New York City .In America, a person of Indian origin has been found guilty of millions of dollars in the crypto currency scam. In the name of start-up company on the accused 27-year-old Indian youth, two other co-founders have been accused of raising millions of dollars from investors.
Officials have seized 60 million US dollar digital currency from them. Raymond Trapani and Robert Farks were co-founders along with Shoharab Sharma in the start up company Centra Tech in the scandal.
In a New York court, the jury accused the accused of investing millions of dollars of digital funds on their company, issuing tokens of digital currency and fraud with investors. US attorney Robert Khuzami told that last month three people were arrested on the basis of criminal complaints about raising money through crypto currency.
After his arrest, the investigating agency FBI seized 60 million US dollars of digital currency. All three convicted in the scam are Yakash Sharma, Trapani and Farkas living in Florida. After conviction in four cases including scandals and conspiracy, the three could face a jail term of up to 65 years.
According to the allegations, in July 2017, three young men have trapped investors through Centra Tech Company. Delivered a partnership with BankCorp, Visa and MasterCard to give a digital token and fund raising from investors. Thus, by October 2017, more than 25 million dollars of digital fund was mobilized. These digital funds are currently over 60 million US dollars. On the three convicts, the Securities and Exchange Commission has also registered the case separately.
What is your opinion on this report please tell me.
Thanks you
(Yogeshwar More)