Law360, New York (December 15, 2020, 4:43 PM EST) — A Manhattan federal choose on Tuesday sentenced a university dropout from Florida to a 12 months and a day in jail for selling a $36 million cryptocurrency fraud that included a bogus preliminary coin providing — sparing the Centra Tech Inc. scammer an extended sentence attributable to his comparatively minor function.
U.S. District Choose Lorna G. Schofield additionally ordered defendant Robert Farkas, 34, to forfeit $347,000 and a luxurious watch given to him by his Centra Tech co-founder Sohrab “Sam” Sharma, additionally of Florida, the alleged mastermind of the scheme, who’s scheduled to be sentenced in January.
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