Centra Tech ICO Leaders Allege Their Slack Messages Were Obtained Illegally by FBI
Centra Tech’s founders seem to be in hot water. Sorhab Sharma, Robert Farkas, and Raymond Trapani were arrested in April 2018 for allegedly trying to defraud investors through a token sale.
The Deputy U.S. Attorney for the Southern District of New York released a statement, saying:
“As alleged, the defendants conspired to capitalize on investor interest in the burgeoning cryptocurrency market. They allegedly made false claims about their product and about relationships they had with credible financial institutions, even creating a fictitious Centra Tech CEO. Whether traditional or cutting-edge, investment vehicles can’t legally be peddled with falsehoods and lies.”
Further, it seems that the SEC is going after them as well. Robert Cohen of the SEC released a statement, stating:
“We allege that the Centra co-founders went to great lengths to create the false impression that they had developed a viable, cutting-edge technology. Investors should exercise caution about investments in digital assets, especially when they are marketed with claims that seem too good to be true.”
The Farkas and Sharma’s defense is that the government’s case is tainted and that their constitutional rights have been violated and as a result, the court should dismiss the charges against them.
According to an article by Decrypt Media, the their attorney is arguing that the FBI “illegally obtained” privileged conversations that they had with their attorney on Slack, which is a digital platform that allows people to communicate remotely.