A co-founder of cryptocurrency start-up Centra Tech Inc, once promoted by boxer Floyd Mayweather, has reached an agreement with federal prosecutors to plead guilty in a case accusing him of helping to defraud investors out of more than $25 million in an initial coin offering.
Sohrab “Sam” Sharma’s lawyer, Gennaro Cariglio, revealed the deal in a filing in Manhattan federal court on Monday. Sharma’s two co-founders, Robert Farkas and Raymond Trapani, previously pleaded guilty to related charges but have not yet been sentenced.
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