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Business

SEC informs DJ Khaled that he has played himself




Photo: Chris Pizzello (AP)

The past year has seen its fair share of largely indelible cryptocurrency fraud. Think of a noun. [Noun] Coins and its founders were probably charged with fraud over the last 1[ads1]6 months. Most of these bones were blown together in a long, libertarian migraine, but only one of them can claim that they had cost DJ Khaled and Floyd Mayweather Jr. more than $ 750.00 combined.

To the end: Congratulations Centra Tech!

Sohrab "Sam" Sharma and Robert Farkas, the brain behind Centra Tech, were charged by the SEC back in April to allegedly drive investors of $ 32 million with a "fraudulent first mining offer". The agency said the couple lied about having relationships with big banks and inventing the employees – all while Khaled and Mayweather announced the Centers ICO. And for months it seemed like this was the last chapter of an unfortunate scam, two B-list celebrities were tricked for approval.

Today, however, SEC announced that "Money" Mayweather could not reveal a $ 100,000 payment received from Centra Tech for its services. Khaled, in what was probably an outrageous discovery, was only paid half of the fee, although the agency said he was unable to reveal it.

Without admit or deny the findings, Mayweather and Khaled agreed to pay disgorgement, punishment and interests. Mayweather agreed to pay $ 300,000 in disgorgement, a $ 300,000 penalty and $ 14,775 in default rates. Khaled agreed to pay $ 50,000 in disgorgement, a $ 100,000 penalty and $ 2,725 in default interest rates.

Hopefully, it's an arch of the ignorant saga of Centra Tech – a company that has 32 million dollars on the track, I do not fully understand.



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