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As Farkas Gets Year and Day With Ether Seized Lawyer Cites 55 Days in MIA ATL OK MCC

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, Dec 15 – Robert Farkas was up for sentencing on December 15, on fraud charges related to crypto-currency. Inner City Press covered it.     

  U.S. District Court for the Southern District of New York Judge Lorna G. Schofield held the sentencing.

Farkas' lawyer emphasized that his client grew up in rural New Jersey and was not really a tech guy.

He said Farkas had served 55 days at the beginning of the case, in maximum security Federal facilities in Miami, then Atlanta, then Oklahoma and finally the MCC. 

 Judge Schofield asked if there were any victims on the line, and some beeping and loss of reception began.

 The US Attorney's Office announced: Farkas "was sentenced on December 15 to one year and one day in prison, in connection with his participation in a scheme to induce victims to invest more than $25 million dollars’ worth of digital funds in Centra Tech, Inc. (“Centra Tech”), a Miami-based company he co-founded and that purported to offer cryptocurrency-related financial products.

FARKAS previously pled guilty to conspiring to commit securities fraud and wire fraud in connection with his and his co-conspirators’ use of material misrepresentations and omissions to solicit investors to purchase securities, in the form of digital tokens issued by Centra Tech, through an initial coin offering beginning in approximately July 2017."  Meanwhile, more delay in the OneCoin case...

This case is US v. Farkas, 18-cr-340 (Schofield)


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