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  1. Jan 3, 2024 · Robert was charged with conducting an illegal initial coin offering (ICO) that scammed investors for over $25 million. Robert Farkas’ Involvement in Centra Tech. Much like Ray Trapani, Robert did not come across as an expert in cryptocurrency, and the documentary points out that he once worked as a male stripper.

  2. Jan 1, 2024 · Trapani, along with co-founders Sohrab “Sam” Sharma and Robert Farkas, pleaded guilty, but his outcome was very different from the other men, who both went to prison. In April 2022, on the ...

  3. Jan 3, 2024 · The closing scenes of Bitconned tell how Trapani avoided jail time for the scheme after he was arrested in 2018. Facing down the barrel of 100+ years behind bars, Trapani was instead sentenced to ...

  4. Jan 1, 2024 · What happened to Ray Trapani and his colleagues? Among Ray Trapani and his colleagues, Sam “Sorbee” Sharma and Robert Farkas, Sorbee was sentenced to 8 years in prison, while Robert Farkas had to serve a year. Only Ray Trapani got away without spending jail time just because he cooperated with the FBI and the SEC.

  5. Dec 31, 2023 · According to his LinkedIn, before he co-founded Centra Tech, Ray Trapani was the CEO of Miami Exotics, a luxury car rental dealership. He was also a General Foreman at Safeway Atlantic from January 2011 to October 2014. The "businessman," now in his early 30s, resides in Florida. Back in the mid-2010s, Trapani claimed he wanted to get rich and ...

  6. Jan 1, 2024 · Ray Trapani is Focusing on Establishing a New Business Today. In the end, despite Ray having pled guilty to 10 federal counts related to security fraud, conspiracy to commit security fraud, wire fraud, and conspiracy to commit wire fraud, he was sentenced to time served. The judge said, in part, “I’m very much influenced by the government ...

  7. Jan 1, 2024 · Robert Farkas is Trying to Move On Today. Considering Ray’s cooperation, the evidence against him, plus his own guilt, Robert pleaded guilty to conspiracy to commit securities fraud and wire fraud for his role in connection to this matter. He was hence ordered to serve 366 days in federal prison, spend three years under supervised release, as ...

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