Difference between revisions 876190267 and 899559719 on enwiki

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'''Centra Tech''' (ticker symbol CTR) was a company that sold $32 million of [[cryptocurrency]] in an [[initial coin offering]] (ICO) in 2017. The main selling point of the ICO was that Centra had entered into a partnership with [[Visa Inc.]] to issue a [[debit card]] for cryptocurrencies; the claim was denied by Visa.<ref name="SEC complaint"/><ref name="NYTimes04022018">{{cite news|last1=Popper|first1=Nathaniel|title=2 F(contracted; show full)der, Raymond Trapani, was also charged.<ref>[https://www.justice.gov/usao-sdny/pr/third-co-founder-cryptocurrency-company-charged-manhattan-federal-court-scheme-defraud DOJ] "Third Co-Founder Of Cryptocurrency Company Charged In Manhattan Federal Court With Scheme To Defraud Investors", United States Attorney's Office, Southern District of New York, Department of Justice; April 20, 2018. Retrieved December 1, 2018.</ref> In May 2018, all three co-founders were indicted for fraud.
<ref>[https://bitcoinist.com/centra-tech-indicted-60-mill-ico-fraud/ Avan-Nomayo, Osato] "Centra Tech Co-founders Indicted in $60 Million ICO Fraud", ''Bitcoinist.com'', May 16, 2018. Retrieved December 1, 2018.</ref>{{cn}}

== Aftermath ==

In November 2018, both Mayweather and Khaled agreed to a financial settlement with the [[Securities and Exchange Commission]] (SEC) for failing to disclose payments accepted from issuers of initial coin offerings, including Centra Tech.<ref>{{Cite news|url=https://www.washingtonpost.com/entertainment/music/mayweather-dj-khaled-settle-over-digital-coin-promotions/2018/11/29/2e111ac6-f433-11e8-99c2-cfca6fcf610c_story.html?utm_term=.87c4c2a4a508|title=Mayweather, DJ Khaled settle over digital coin promotions|last=Gordon|first=Marcy|date=November 29, 2018|work=The Washington Post|access-date=December 1, 2018}}</ref>

== References ==


{{Reflist}}

{{Cryptocurrencies}}

[[Category:Cryptocurrency articles]]
[[Category:Bitcoin companies]]