Centra Tech Boss Gets 8 Years For $36M Crypto Scam

Law360 (March 4, 2021, 9:31 PM EST) -- The founder of Centra Tech Inc. on Thursday was sentenced to eight years in prison over a scheme that conned victims into investing more than $36 million into the cryptocurrency company that claimed to offer a digital currency payment card.

During an hours-long sentencing hearing conducted by videoconference that was marred at times by technical glitches, U.S. District Judge Lorna Schofield told the scheme's mastermind, Sohrab "Sam" Sharma, 29, that she was going relatively easy on him by handing down a sentence of just over half the time called for by the top end of the advisory sentencing guidelines range.

"In my view,...

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!

TRY LAW360 FREE FOR SEVEN DAYS

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!