Against the ICO project Centra, the promotion of which was actively engaged in the famous boxer Floyd Mayweather, filed a collective lawsuit of depositors. The project is accused of violating the US Securities Act, CoinDesk reports.
Defendants of the suit, which was filed on December 13, are Centra Tech, as well as Sohrab Sharma, Raymond Trapani, Robert Farkas and William Hagner. During the token, they managed to raise $ 30 million to issue a crypto-currency debit card.
As the newspaper notes, the claim was filed a month after the project was abandoned by its two founders. In a post published on the Centra Tech blog on October 31, it says that Sohrab Sharma and Raymond Trapani left the project after the end of the token.
“In connection with the initial offer of Centra coins, the defendants raised more than $ 30 million in the crypto currency, offering and selling unregistered securities, which is a direct violation of the law on securities,” the law firm Levi & Korsinsky, which represents the interests of investors, said in a statement.
In addition, the organizers of ICO Centra are charged with misleading investors about the Spartap’s relationship with the payment services Visa and Mastercard, as well as in posting false information about its members on its website.
ICO Centra was actively promoted by boxer Floyd Mayweather and music producer DJ Khaled, but later they removed their messages on social networks. In this case, neither Mayweather nor DJ Khaled in the suit appear.
In its last statement, Centra company denies all accusations in its address.
“In this claim, which mostly repeats the previous unreasonable claims to Centra Tech, it is asserted that the tokenseil represented an unregistered sale of securities. The suit tries to repeat the statements and charges of the Securities and Exchange Commission (SEC) against other persons making crypto-currency offers, “the company representatives said, adding that they would challenge the lawsuit.
Recall, earlier this year, the Securities and Exchange Commission (SEC) warned investors about the risks of participation in the primary offers of coins (ICO), in the promotion of which celebrities participate.