Robert Farkas
Co-founder of Centra Tech, the 2017 ICO that raised ~$25–32M on fake executives and fabricated partnerships with Visa/Mastercard. He pleaded guilty to fraud conspiracies and was sentenced to one year and one day in prison.
Also known as: Robert Joseph Farkas
Bio
Robert Farkas co-founded Centra Tech with Sohrab Sharma and Raymond Trapani. Centra's 2017 ICO sold "CTR Tokens" by touting fictitious executives, a nonexistent debit-card product, and fabricated relationships with major card networks. [1][2]
Legal outcome
Farkas pleaded guilty to conspiring to commit securities and wire fraud and was sentenced to one year and one day in prison, three years of supervised release, and ordered to forfeit $347,062 and a Rolex bought with proceeds. [1][2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
Sources (2)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.