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Centra (cryptocurrency)

Centra (cryptocurrency)

Centra is a company which advertised itself as a blockchain-based credit card and payment system. The founders of Centra have been arrested by authorities in the United States and indicted on charges of securities fraud.

Centra is a blockchain-based product line solution that aims to create a world connected to cryptocurrency. On April 20, 2018 the founder of Centra, Raymon Trapni, Sohrab Sharma, and Robert Farkas, were arrested and charged by the US Department of Justice's (DOJ) for securities and wire fraud after the completion of Centra's fraudulent initial coin offering (ICO). The arrests and charges were the result of the founders claiming the Centra debit card was backed by Visa and Mastercard, and would allow users to convert cryptocurrencies into fiat currencies. This partnership claim turned out to be false according the the US Securities and Exchange Commission.

Timeline

People

Name
Role
Related Golden topics

Raymond Trapani

Co-Founder

Robert Farkas

Sohrab Sharma

Co-Founder

Further reading

Title
Author
Link
Type

2 Founders of $32 Million Centra Virtual Currency Project Are Arrested

Nathaniel Popper

News

Centra – Cryptocurrency Coin Card & Wallet ICO CTR Token Sale?

Bitcoin Exchange Guide

Web

Centra White Paper

Centra Team

Academic

DJ Khaled, Floyd Mayweather Jr. charged with cryptocurrency fraud

Ahiza Garcia, CNN Business

Web

Documentaries, videos and podcasts

Title
Date
Link

Centra Tech | Wallet and Card Update

August 29, 2017

Update 04.03.2018: We Called it! CENTRA was a Scam!

Companies

Company
CEO
Location
Products/Services

References