3rd Centra Tech Co-Founder Admits To $25M Crypto Scheme

Law360 (July 17, 2020, 9:47 PM EDT) -- Another co-founder of cryptocurrency company Centra Tech Inc. pled guilty Friday to charges of tricking investors in a $25 million initial coin offering to fund a digital currency payment card he and others falsely stated was backed by major payment processors including Visa Inc.

Sohrab "Sam" Sharma, 29, copped to conspiring to commit securities fraud, wire fraud and mail fraud charges, according to a waiver of right to be present at a criminal proceeding filed in New York federal court. His sentencing hasn't yet been scheduled.

He's the third Centra Tech co-founder to plead guilty, the U.S. Department of Justice said...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!