Cryptocurrencies
Crypto Firm Co-Founder Gets Year in Prison Over Debit Card Scam
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A co-founder of a cryptocurrency firm was sentenced to a year in prison after pleading guilty to tricking investors out of more than $25 million in an investment scam promoted with the help of celebrities including Floyd Mayweather and musician DJ Khaled.
Robert Farkas, 34, who created the firm Centra Tech with two other former co-workers at a luxury car rental company, was sentenced on Tuesday by U.S. District Judge Lorna G. Schofield in Manhattan. Farkas’ two co-founders have also pleaded guilty to their role in the scheme.