SEC Files Charges Related to Centra Tech ICO

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Gizmodo shares the story of an ICO operated by Sohrab “Sam” Sharma and Robert Farkas; the company paid for endorsements from Floyd Mayweather Jr. and DJ Khaled and also lied about relationships with Visa, Bancorp and MasterCard; Centra Tech also lied about executives at the company who were allegedly made up people; the ICO was listed on exchanges such as Binance and Cryptopia; the filing asks the operators to return the money they received and aims to prevent them from serving as officers of a public company or participate in any securities offering; Farkas was arrested before trying to leave the country. Source